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Executive Summary

This stand-alone quick serve restaurant building with drive thru is for sale at an excellent value. It is not quite turn key but it is close. The highly visible 1750 square foot building sits on .95 acres on one of the most heavily traveled, and redeveloping corridors in Wilmington, about 3 miles from the heart of downtown. Arched windows and rooftop facade give the building a unique character. Street front orientation grabs customers' attention. The property has driveways on Market Street (primary) and Princess Place Drive for convenient access to a signalized intersection, which is quite valuable during busy traffic times. The kitchen has a hood system in place, and connections for the additional equipment to suit the concept. All existing equipment does convey with the sale, including 2 exterior walk in coolers in a fenced in area just out the back door. A wrap around bar separates the kitchen and service area from dining room. About half of the parcel is undeveloped and could be set up as a nice outdoor dining, or courtyard area. The parking lot contains 29 striped parking spaces including 1 handicap with access aisle. This area is experiencing abundant redevelopment and new construction currently underway.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,748 SF
Building Class
B
Year Built
1977
Price
$1,135,107 CAD
Price Per SF
$649.37 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.96 AC
Zoning
O&I - City of Wilmington Office and Institutional (O&I)
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
115’ on Market Street

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Nearby Major Retailers

Planet Fitness
Cook Out
Food Lion
Sunbelt Rentals
Hooters
Waffle House
Starbucks
Crossfit
Crunch Fitness
Bonefish Grill

Property Taxes

Property Taxes

Parcel Number
R04914-008-004-000
Land Assessment
$634,183 CAD
Improvements Assessment
$223,896 CAD
Total Assessment
$858,079 CAD
  • Listing ID: 41129427

  • Date on Market: 2026-07-01

  • Last Updated:

  • Address: 4023 Market St, Wilmington, NC 28403

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