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Mixed-Use Development: Middle Sound West
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7241 Market St, Wilmington, NC 28411

Mixed-use development with office and retail space, available soon.

Space Size3,200 SF
Property Size29,250 SF
Days on Market1053

Property Features for 7241 Market St

General Information

Standard status Active
Size 3,200 SF
Class A
Property subtype Retail, Office, Restaurant
Lease Type NNN

Building Details

Building Size 29,250 SF
Tenancy Multiple

Spaces For Lease

at 7241 Market St Contact us

Middle Sound West Commercial District

Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Middle Sound West Commercial District

Type
Office
Lease Type
NNN
Availability
Active
Contact us

Middle Sound West Commercial District

Size
3,200 SF
Type
Restaurant
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Blue Coast Commercial
Listed By: Steve Hall · License #NC 255181
Source: Crexi
Added: Oct 4, 2023 Changed: Aug 16 Last Checked: Aug 20 at 9:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blue Coast Commercial

Investment Insights

Based on property information with market context.

Middle Sound West is an upcoming mixed-use development designed for entrepreneurs and retail businesses. Phase 1, scheduled for completion by the end of 2026, will feature 27,200 square feet of office space. Phase 2, slated for delivery in Q2 2027, will offer 30,000 square feet of retail space distributed among five freestanding buildings, each measuring 6,000 square feet. The development is located in the northern portion of NHC, with accessibility for residents and professionals. The location benefits from three points of entry and exit from Market Street and Lendire Road, providing access to signalized intersections and the Military Cutoff Road extension. The development is suitable for retail, office, and restaurant businesses. Note that the site plan, building sizes, and placement are subject to change.

Key Highlights

  • Strategic location in the thriving northern portion of NHC, drawing traffic from residents and professionals.
  • Phase 1 offers 27,200 square feet of office space, delivered by the end of 2026.
  • Phase 2 provides 30,000 square feet of retail space in five freestanding buildings, delivered in Q2 2027.

Property Analytics

Current Use

Drobny Medical Group Medical Group Parker’s Alternator Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

421
Businesses Nearby

Demographics for 28411, NC

37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use development with office and retail space, available soon.
Where is this mixed-use property located?
The property is located at 7241 Market St Wilmington, NC.
What is the lease rate?
The lease rate is $38 SF/Yr.
What are key features of this property?
This property features: Strategic location in the thriving northern portion of NHC, drawing traffic from residents and professionals.; Phase 1 offers **27,200 square feet of office space**, delivered by the end of 2026.; Phase 2 provides 30,000 square feet of retail space in five freestanding buildings, delivered in Q2 2027.
(910) 279-3227 Call to check price and availability
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