Street Level Retail/Office

Retail-Commercial for Lease
Catylist Listing ID: 30797874
Property Subtypes: Street Retail
Contiguous Space: 2,016 SF
Gross Building Area: See Agent
Lease Rate: $23.81 PSF (Annual)
Base Monthly Rent: $4,000
Lease Types: NNN
Last Updated: 5/5/2022

Overview / Comments

Hard to find in the Central Business District of Downtown Wilmington. This +/- 2,016 sq./ft. mid century building is located along the vibrant Princess Street corridor between 3rd and 2nd Streets. Perfect location for office or retail. Large store front window allows for great visibility from the street. This property has a large reception/waiting area, seven private offices, break room, and two restrooms......and two reserved parking spaces in the rear of the building. Please note that the suite is comprised of +/-900 sf on the street level and +/- 1100 sf on the lower level. This property can only be leased in its entirety and not available by floor.

Surrounded by wine bars, art galleries, coffee shops, retail, outstanding restaurants and a short 2 block walk to the infamous Wilmington River Walk! This is not just a great place to work but a lifestyle waiting or the right Tenant!

Expand All Available Space

Suite: 232 Princess St. 2,016 SF $23.81 PSF (Annual) NNN
Level/Floor: 1
Space Available: 2,016 SF
Lease Rate: $23.81 PSF (Annual)
$4,000 (Monthly)
Lease Type: NNN
Space Description: Hard to find in the Central Business District of Downtown Wilmington. This +/- 2,016 sq./ft. mid century building is located along the vibrant Princess Street corridor between 3rd and 2nd Streets. Perfect location for office or retail. Large store front window allows for great visibility from the street. This property has a large reception/waiting area, seven private offices, break room, and two restrooms......and two reserved parking spaces in the rear of the building. Surrounded by wine bars, art galleries, coffee shops, retail, outstanding restaurants and a short 2 block walk to the infamous Wilmington River Walk! This is not just a great place to work but a lifestyle waiting or the right Tenant!
Space Subcategory: Office Showroom
Date Available: 4/12/2022
Space Type: Relet
Offices 7
Kitchen Yes
Parking Spaces 2
Tax Expenses $2,073 PSF (Annual)
Rent Escalators Description 3% increase on base rent annually

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04817-032-011-001
Zoning: CBD-CENTRAL BUSINESS DIS
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: 2nd and 3rd
Property Visibility: Excellent
Largest Nearby Street: 3rd
Feet of Frontage: 17
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,000 SF
Property Condition: Fair
Year Built: 1941
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 2
Parking Type: Surface
Parking Description: 2 Parking spots in rear gravel lot.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: CBD- Central Business District
Water Service: Municipal
Sewer Type: Municipal
Legal Description: E 1/2 LT 1 BLK 166 WILM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,670 40,325 110,949
Median Age: 35.65 36.7 36.23
Households: 4,384 18,279 47,832
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