802 23Rd StWilmington, NC 28405

Property Details for 802 23Rd St

Year built

1981

Construction

STEEL FRAME

Lot size

13.18 AC

Property size (Sq ft)

212,000 SF

Zone code

AI,AIRPORT INDUSTRIAL

Property type

Industrial properties

Property subtype

Other warehouses

APN

R04811-002-001-001

APU

R04811002001001

Description

This exceptional industrial property, located at 802 N 23rd Street in Wilmington, NC, offers a rare opportunity for owner-occupancy or leasing. The single-story, 214,427-square-foot warehouse/distribution facility sits on a 13.1-acre lot and was built in 1981. Currently, 71,244 square feet are available for immediate occupancy, with an additional 143,183 square feet becoming available July 1, 2025. The property features four loading docks with four dock-high doors and one drive-in door. It boasts a full fire suppression system and is conveniently located near major transportation arteries, including Market Street/US Highway 17, MLK Jr. Parkway, and Wilmington International Airport (ILM). The property is zoned LI and has an APN of 3128-63-8186.000. The building offers existing office space of 2,402 square feet, with conceptual plans for an additional 1,950 square feet of office space. This rail-served facility presents a significant opportunity for businesses seeking substantial warehouse space in a prime Wilmington location. The property is available for sale at $16,950,000 or for lease at $5.95 per square foot NNN (TICAM estimated at $1.10 per square foot). Minimum divisible space is 71,244 square feet, with a maximum contiguous space of 214,427 square feet.

• Alternative Use

  Use

  Valuation

  Residential

  $58,818,956

  Hospitality

  $53,877,848

  Educational

  $44,825,736

  Medical

  $46,367,360

  Retail

  $69,728,920

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2482

Longitude

-77.9181

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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