Property Type:
Comm Sale or Lease
Square Footage:
4,312
Lot Size (sq. ft.):
4,704
Status:
Closed
Current Price:
$1,575,000
List Date:
8/07/2025
Last Modified:
10/23/2025
Overview
Description
708 S 17th St, Wilmington NC - Fully Leased Investment Property in The Cargo District
Prime investment opportunity in the heart of Wilmington's thriving Cargo District. Located at 708 S 17th Street, this fully leased multi-tenant commercial building offers stable cash flow, professional management, and long-term tenant stability in one of the city's most dynamic and rapidly appreciating districts. Situated within a designated Opportunity Zone, the property includes four total rentable units with two tenants. One tenant operates a vibrant retail storefront at the front of the building, while the second leases the remaining three spaces, including the rear commercial flex area and two custom-designed shipping container offices, both heated and cooled for year-round use.
Recent capital improvements have enhanced the property's value/efficiency and appeal, making it a low-maintenance investment with strong fundamentals. The site's flexible configuration and UMX (Urban Mixed-Use) zoning offer significant potential for future value-add strategies. Uniquely positioned in the creative core of the Cargo District—within walking distance to The Cargo District Food Court, CoWorx, End of Days Distillery, and an array of artisan shops and eateries—this asset appeals to both retail and creative office users seeking a highly desirable location. The property may also present an opportunity to assemble adjacent parcels, potentially creating one of the largest UMX-zoned offerings in the local market—ideal for long-term investors and developers.
Professionally managed and meticulously maintained, this is a rare chance to secure a turnkey commercial investment in a high-growth, opportunity-rich corridor of Wilmington.
Last Updated: October - 23 - 2025
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