326 Nutt Street Wilmington, NC 28401

Retail-Commercial for Lease
Catylist Listing ID: 30757918
Property Subtypes: Retail-Pad
Contiguous Space: 1,575 SF
Building Size (RSF): 1,575 SF
Gross Building Area: See Agent
Lease Rate: $2,950 (Monthly)
$22.48 PSF (Annual)
Lease Types: Modified Gross
Usable Size (USF): 1,575 SF
Last Updated: 9/9/2021

Overview / Comments

Here is a chance for a business to become part of the Cotton Exchange retail family. The Cotton Exchange complex is located directly across from the Cape Fear River in beautiful historic downtown Wilmington and includes a full block of both retail, restaurants, and service businesses. Front and Water Streets provide access to the 2-level building.
This 1575 sq./ft. historically charming retail space is a multi-level unit with the upper loft area perfect for office space, storage and/or classes. The space is currently where Carolina Beads and Gemstones has called home for over 20 years. It features wall length windows on the parking lot side and exposed brick walls. New carpeting was installed last year. The space has wrap around windowpanes providing marketing opportunity to draw people in. It is right off the stairs as people enter the second floor from the parking lot and across from the busy shoe store, Cape Fear Footwear.
The Cotton Exchange comprises over 20 retail and 5 food related businesses with product covenants that restrict “theme overlap. The businesses contribute $150 per month to a co-op advertising budget as part of the rent. Under new general management since 2018 there are now music events and holiday events happen throughout the year. Santa Claus, the best in Wilmington, is a holiday tradition that brings families to their pictures taken and make a memory. Dedicated voucher parking in the Nutt Street parking lot is available onsite for customers while shopping or dining.

Expand All Available Space

Suite: 326 Walnut St. 1,575 SF $2,950 (Monthly) Modified Gross
Space Available: 1,575 SF
Lease Rate: $2,950 (Monthly)
$22.48 PSF (Annual)
Lease Type: Modified Gross
Space Description: This is your chance to become part of the highly sought after Cotton Exchange retail family. This 1575 sq./ft. historically charming retail space is a multi-level unit. This gives a tenant the ability to use the upper level as office, production space, classes, etc. The Cotton Exchange does have free parking on the Water st. side for any customers while shopping and dining........... Don't miss out on the opportunity to expand your business needs.
Date Available: 9/1/2021
Space Type: New

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04817-002-018-000
Zoning: CBD-CENTRAL BUSINESS DIS
Retail Clientele: General
Property Visibility: Good
Largest Nearby Street: Front st.
Area Description: Several investments have been finished in the North Front district over the last several years which include the recent opening of Riverfront Park and Live Oak Bank Pavilion, Riverplace Condos, Wilmington Convention Center and five hotels and three new apartment complexes within a 3-block area that will continue to increase the foot traffic and awareness of the Cotton Exchange. With current existing construction downtown the population is slated to double in coming years according to the city’s projections This is an opportunity to expand a business’s presence in the downtown arena or start a business in the right location providing foot traffic and neighboring business support.
Tenancy: Multiple Tenants
Number of Stories: 2
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,788 34,493 101,521
Median Age: 35.41 38.65 35.87
Households: 3,130 15,617 43,659

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