For Lease
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Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RB,REGIONAL BUSINESS in Wilmington, NC.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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