For Lease
$12-$18 /SF/YR

5000 Market StWilmington, NC 28405

Wilmington, NC retail space available.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional retail property, located at 5000 Market Street in Wilmington, North Carolina, offers a unique investment opportunity. The 6.33-acre site boasts three buildings totaling 91,637 square feet, situated on a high-traffic corridor averaging 35,000 vehicles daily. Currently, the property features six suites, with 38,549 square feet of vacant space available for lease. The minimum divisible space is 1,931 square feet, while a maximum of 38,549 contiguous square feet is available. This flexible space, previously occupied by Miller-Motte College, a regional technical college, can be leased as-is or converted to a "vanilla box" format to suit larger tenants' needs. The property's prime location on Market Street places it near major retailers such as Costco, Target, Walmart, and Academy Sports, ensuring high visibility and foot traffic. Built in 1972, the single-story buildings offer convenient access and ample space. The property's proximity to I-40, S. Kerr Avenue, and N. College Road further enhances its accessibility and desirability. This is an excellent opportunity to establish a presence in a thriving Wilmington retail market. The property is less than one mile from I-40 and strategically positioned between S. Kerr Ave. and N. College Road. Miller-Motte College, occupying approximately 41,400 square feet, remains a significant tenant on the property.

Highlights

  • Exceptional 91,637 SF retail property on 6.33 acres in Wilmington, NC.
  • High-traffic location on Market Street, averaging 35,000 vehicles daily, near major retailers.
  • Six suites available, with 38,549 SF of vacant space; minimum divisible space is 1,931 SF, maximum contiguous space is 38,549 SF.
  • Flexible space, adaptable for various uses; previously occupied by Miller-Motte College.
  • Excellent accessibility, less than one mile from I-40, and strategically located near S. Kerr Ave. and N. College Rd.

Property Details for 5000 Market St

Property type
Retail properties
RSF (Rentable sq. ft)
91,637 SF
Year Built
1972
Buildings
3
Stories
1

Unit(s) available at that property

Space
Available Space 2
Size
1,931 SF
Rate per SF
$18
Space
Available Space 3
Size
6,131 SF
Rate per SF
$18
Space
Available Space 1
Size
30,487 SF
Rate per SF
$12

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.24342636
Longitude
-77.88301535
5000 Market St, Wilmington, North Carolina

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5000 Market St
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