301 N Water Street

Retail-Commercial for Lease
Catylist Listing ID: 30634177
Property Subtypes: Restaurant
Contiguous Space: 7,500 - 10,500 SF
Gross Building Area: See Agent
Lease Rate: $28 PSF (Annual)
Base Monthly Rent: $24,500
Lease Types: Modified Gross
Last Updated: 9/9/2020

Overview / Comments

Upscale restaurant space for lease located in the Hotel Ballast, a 272 room full service hotel, on the Cape Fear River in historic Downtown Wilmington.

Restaurant space is split between two floors. The Lobby Level includes the primary entrance/hostess stand, restrooms, main dining room, bar with table seating and patio seating. Lower level includes private dining and kitchen.

Space was renovated in 2007 with over $2 Million in improvements. Last year, space was refreshed with new paint and carpet.

Lobby level offers expansive views of the Cape Fear River and the Battleship North Carolina.

Space can be subdivided, please inquire.

Attachments & Media

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Suite: 1 10,500 SF $28 PSF (Annual) Modified Gross
Level/Floor: First and Second
Space Available: 10,500 SF
Minimum Divisible: 7,500 SF
Lease Rate: $28 PSF (Annual)
$24,500 (Monthly)
Lease Type: Modified Gross
Space Description: Upscale restaurant space for lease located in the Hotel Ballast on the Cape Fear River in historic Downtown Wilmington. Restaurant space is split between two floors. The Lobby Level includes the primary entrance/hostess stand, restrooms, main dining room, bar with table seating and patio seating. Lower level includes private dining and kitchen. Space was renovated in 2007 with over $2 Million in improvements. Last year, space was refreshed with new paint and carpet.

Lobby level offers expansive views of the Cape Fear River and the Battleship North Carolina.

Space can be subdivided, please inquire. Lease Rate is Net Utilities but includes taxes, insurance and CAM charges
Date Available: 8/1/2020
Space Type: Relet

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04720-001-004-000
Zoning: CBD
Area Description: Located on Water Street in the Hotel Ballast, a Hilton Hotel, in the heart of Downtown Wilmington. Water street is currently experiencing a revitalization with the construction of River Place, a 13-story mixed-use development featuring 32,000 SF Retail Space, 92 Luxury For-Sale Condominiums and 79 Luxury Rental Apartments. Hotel is located on the banks of the Cape Fear River.
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,793 34,493 101,521
Median Age: 35.66 38.65 35.87
Households: 2,758 15,617 43,659

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