8232 Market St - Freestanding FOR SALE


Wilmington, NC 28411- Bayshore
$4,200,000 USD
910-707-3802
8232 Market St, Wilmington, NC for Sale
$4,200,000 USD
Freestanding - FOR SALE
1/88
null | 4.5% Cap Rate

8232 Market St
Wilmington, NC 28411
Bayshore


HIGHLIGHTS

  • Comprehensive 2024 renovation completed throughout the property.
  • Existing drive-thru infrastructure supports multiple business types.
  • Located near Interstate 140 and major national retailers.
  • Includes 61 parking spaces and prominent roadside signage.
  • B-1 zoning supports a variety of commercial uses.

OVERVIEW

8232 Market Street offers the opportunity to acquire a freestanding commercial property positioned within Wilmington's Porters Neck corridor, one of the region's most established retail and service districts. Situated on approximately 1.43 acres with 150 feet of frontage along Market Street, the property benefits from visibility to more than 43,000 vehicles per day and convenient access to Interstate 140, connecting the site to Wilmington, Hampstead, and the broader Cape Fear region. Nearby national retailers, including Walmart, Harris Teeter, Lowe's Home Improvement, and Food Lion, contribute to consistent consumer traffic and reinforce the corridor's role as a regional commercial destination. The approximately 7,922-square-foot building underwent a comprehensive renovation in 2024 and includes numerous improvements already in place for a future owner. Existing infrastructure includes a drive-thru, large commercial kitchen, municipal water and sewer service, natural gas, grease trap, loading access, outdoor patio space, marquee signage, and 61 parking spaces. These features provide operational flexibility while reducing the capital expenditures often associated with repositioning or opening a new commercial facility. While currently configured for food service, the property's layout, parking capacity, visibility, and B-1 zoning support a broad range of potential uses. Medical and dental practices, urgent care facilities, wellness concepts, childcare operators, specialty retail businesses, entertainment venues, financial service providers, professional offices, and owner-user opportunities may all benefit from the site's established infrastructure and highly visible location. Commercial properties combining frontage, access, parking, drive-thru capability, and recent renovations are increasingly limited within the Porters Neck market, creating a compelling opportunity for investors and owner-occupants seeking a versatile commercial asset.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$530 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

B-1

APN/PARCEL ID

R03600-005-042-000

ASK ABOUT THIS PROPERTY

Pinpoint PropertiesReal Broker, LLCMore Info
910-707-3802

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Pinpoint PropertiesReal Broker, LLCMore Info
910-707-3802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.