Restaurant/Brewery For Lease

Retail-Commercial for Lease
Catylist Listing ID: 30530628
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 3,341 SF
Gross Building Area: 3,341 SF
Lease Rate: $17.50 PSF (Annual)
Base Monthly Rent: $4,872
Lease Types: NNN
In Opportunity Zone? Yes
Has Drive-Thru? Yes
Last Updated: 4/27/2021

Overview / Comments

Rare opportunity to lease prime commercial real estate in Downtown Wilmington’s Castle Street District.

• This building has seen a complete transformation under its new ownership with new roofing, new HVAC system, and fresh exterior.

• Now fitted up as a full-service restaurant and microbrewery, this 3,341 square foot space has everything needed, including drain and gas lines, and is move-in ready. It boasts a full kitchen with hood, walk-in chiller with beer tap system, grease trap, and large bar. Roll up garage door allowing great Castle St. visibility. It’s is of the few properties downtown with a loading dock accessible via the adjacent drive-through alley.

• The building is located in the heart of the Castle Street District of downtown Wilmington and has great street frontage with pedestrian traffic comprised of loyal local market and numerous tourists.

• The residents of the district, as well as those of surrounding areas, hope to see a casual dining experience. Castle Street would benefit from having a place for the community to gather, grab a good meal, bring their dogs, and watch a game.

• Zoned as Main Street Mixed Use (MSMU) which allows for a wide variety of uses.

• Other neighborhood businesses on the block include a variety of restaurants, art galleries, antique stores, and vintage clothing stores such as Rx Restaurant, Jester’s Cafe, Station No. 2 event space in the Historic Firehouse at 5th and Castle, Caffe Luna, Cape Fear Playhouse, Decades of Decor, Kids Making It, and Vintage Values.

Attachments & Media

Expand All Available Space

Suite: 509 3,341 SF $17.50 PSF (Annual) NNN
Level/Floor: 1
Space Available: 3,341 SF
Lease Rate: $17.50 PSF (Annual)
$4,872 (Monthly)
Lease Type: NNN
Date Available: 11/14/2019
Space Type: New

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 311712.95.8869.000
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: Castle St.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2019
Parking Description: Free street parking. Ample parking available in the empty lit across the street and the Rescue Mission lot.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,403 43,474 117,230
Median Age: 36.28 36.31 36.73
Households: 4,751 20,160 50,472


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