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    4505 Market St Wilmington, NC 28405

    Sponsored
    For Lease
    Contact for pricing

    Prime 1-acre site, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.03-acre commercial parcel presents a rare opportunity for retail development in the thriving Wilmington, NC market. Located on Market Street, this property boasts excellent visibility and accessibility, ensuring high traffic volume and strong brand recognition. Multiple points of ingress and egress are available from Market Street, Birchwood Drive, and Kerr Avenue, providing convenient access for customers and employees. The site's strategic location places it in close proximity to established businesses, including Walgreens, Bojangles, and a convenience store, creating a synergistic retail environment. The property is suitable for a variety of retail uses, offering significant potential for growth and return on investment. This single-tenant site is available for both lease and sale, providing flexibility for prospective buyers or tenants. The expansive lot size allows for ample space for building construction and parking, accommodating a wide range of retail concepts. Given its prime location and desirable characteristics, this property represents a compelling investment opportunity in a rapidly growing market. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request.

    Property Features for 4505 Market St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • 1.03‑acre parcel available for lease or sale in New Hanover County.
    • Excellent Market Street visibility.
    • Multiple access points from Market Street, Birchwood Drive, and Kerr Avenue.
    • Strategic location near Walgreens, Bojangles, and a convenience store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bojangles Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8887903
    Latitude
    34.2435556

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    FAQs

    What type of property is this?
    Land - Prime 1-acre site, high visibility.
    Where is this land located?
    The property is located at 4505 Market St Wilmington, NC.
    What are key features of this property?
    This property features: 1.03-acre parcel available for lease or sale in New Hanover County.; Excellent Market Street visibility.; Multiple access points from Market Street, Birchwood Drive, and Kerr Avenue.
    Request Owner's contact information
    4505 Market St Wilmington, NC 28405
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    Wilmington, NC 28405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4505 Market St Wilmington, NC 28405
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