Hard Corner Retail For Lease

Retail-Commercial for Lease
Lease Pending
Catylist Listing ID: 30756530
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Status: Pending
Contiguous Space: 4,108 SF
Gross Building Area: See Agent
Lease Rate: $25 PSF (Annual)
Base Monthly Rent: $8,558
Lease Types: NNN
Last Updated: 11/15/2021

Overview / Comments

This Central Business District hard corner is ideally situated to capture both the pedestrian and vehicle traffic along North Third Street and the surrounding.

The growth and activity along the North Fourth corridor can easily be incorporated into this property

4,108+/- SF of former automotive shop lends itself well to open air dining or brewery space given the 3 roll-up doors along 3rd Street and 1 roll-up door along Red Cross Street

This is one of the few properties located within the CBD that can accommodate on site parking as it is not required for new development

Landlord open to ground lease as well

Attachments & Media

Expand All Available Space

Suite: 1 4,108 SF $25 PSF (Annual) NNN
Status: Pending
Space Available: 4,108 SF
Lease Rate: $25 PSF (Annual)
$8,558 (Monthly)
Lease Type: NNN
Date Available: 8/23/2021
Space Type: Relet

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04813-032-002-000; R04813-032-001-000
Retail Clientele: General, Family, Business, Traveler, Recreation, Convention
Property Located Between: 3rd & 4th Street
Property Visibility: Excellent
Largest Nearby Street: North Third Street
Feet of Frontage: 158
Traffic/Vehicle Count: 28,765
Highway Access: .34 miles to Highway 17
Airports: ILM
Area Description: Street facing retail and office with substantial residential development surrounding
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,108 SF
Property Condition: Average
Year Built: 1967
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Painted block walls
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Open surface lot
Zoning Description: Central Business District - This district is established to create and maintain a high density commercial, office, service and residential area meeting city, county and regional needs. It encourages the full utilization of public services and contributes to the economic base of the city.
Lot Frontage: 158'
Lot Depth: 150'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT LTS 1/2/3 BLK 220 WILM; PT LTS 1/2 BLK 220 WILM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,788 40,325 103,578
Median Age: 35.41 36.7 35.84
Households: 3,130 18,279 44,459
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