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Wilmington Business Park 202 Raleigh St 532,427 SF of 4-Star Industrial Space Available in Wilmington, NC 28412

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HIGHLIGHTS

  • Extensive heavy industrial manufacturing facility across five buildings on a 68-acre site with a 400,000 to 750,000 SF build-to-suit opportunity.
  • Features a 32' to 52' clear height, 22 high-tonnage cranes, rail access & multiple spurs, including interior with direct Class I rail access via CSX.
  • Wilmington Business Park consists of the main building, a warehouse, a crawler assembly building, the main office, and a paint shop/storage.
  • Unmatched access to Wilmington International Airport, NC State Ports - Wilmington Terminal, Highways 47, 421, and 117, and railroad service.

FEATURES

Clear Height
52’
Warehouse Floor
8”
Drive In Bays
5
Exterior Dock Doors
19
Standard Parking Spaces
175

ALL AVAILABLE SPACE(1)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 532,427 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Industrial
  • -
  • 30 Days

. Totaling 532,472 square feet, Wilmington Business Park consists of the main building, a warehouse, a crawler assembly building, the main office, and a paint shop/storage building. Specifications on-site include a 32 to 52-foot clear height, 22 high-tonnage cranes, rail access and multiple spurs, an interior with direct Class I rail access via CSX Railway, and a state-of-the-art Blast One International blast, paint, and cure shop with full robotics.

  • 5 Drive Ins
  • 19 Loading Docks
Space Size Term Rental Rate Space Use Condition Available
1st Floor 532,427 SF Negotiable Upon Request Upon Request Upon Request Upon Request Industrial - 30 Days

1st Floor

Size
532,427 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Industrial
Condition
-
Available
30 Days

1st Floor

Size 532,427 SF
Term Negotiable
Rental Rate Upon Request
Space Use Industrial
Condition -
Available 30 Days

. Totaling 532,472 square feet, Wilmington Business Park consists of the main building, a warehouse, a crawler assembly building, the main office, and a paint shop/storage building. Specifications on-site include a 32 to 52-foot clear height, 22 high-tonnage cranes, rail access and multiple spurs, an interior with direct Class I rail access via CSX Railway, and a state-of-the-art Blast One International blast, paint, and cure shop with full robotics.

  • 5 Drive Ins
  • 19 Loading Docks

MATTERPORT 3D TOURS

Tour Building B

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PROPERTY OVERVIEW

Wilmington Business Park, located at 202 Raleigh Street, offers a unique opportunity to occupy an extensive, heavy-industrial manufacturing facility with direct rail service. Situated on a 68-acre site, this all-encompassing facility comprises five buildings with a 400,000 to 750,000-square-foot build-to-suit opportunity. Significant and ongoing upgrades have occurred over the past years to infrastructure, internal rail, and an upgraded blast, paint, and cure shop. Totaling 532,472 square feet, Wilmington Business Park consists of the main building, a warehouse, a crawler assembly building, the main office, and a paint shop/storage building. On-site specifications include a 32 to 52-foot clear height, 22 high-tonnage cranes, rail access and multiple spurs, an interior with direct Class I rail access via CSX Railway, and a state-of-the-art Blast One International blast, paint, and cure shop with full robotics. Well-positioned in Wilmington, 202 Raleigh Street thrives in an advantageous location with quick access to interstates, population centers, railroad intermodal, and ports. Within 10 minutes, reach Highways 47, 421, and 117 along with Interstate 40. Wilmington Business Park is ideally located near Wilmington International Airport and the Port of Wilmington. NC State Ports Wilmington Terminal handles containerized, bulk, break-bulk, and RO/RO cargo. Benefit from the Port's adaptable features, including the expanded turning basin to accommodate multiple Post-Panamax container ships, a new 42-foot channel depth, and international container service. Wilmington Business Park is a premier industrial destination with desirable building specs and unmatched connectivity.

MANUFACTURING FACILITY FACTS

Building Size
532,427 SF
Lot Size
68.66 AC
Year Built/Renovated
1942/2017
Construction
Metal
Lighting
Metal Halide
Water
City
Sewer
City
Gas
Natural
Power Supply
Amps: 1,200 Volts: 270-480 Phase: 3 Wire: 4
Zoning
HM

MARKETING BROCHURE

ABOUT WILMINGTON - PORT NARRATIVE

Known for its historic port, affordability, and beaches, the port city of Wilmington has become an emerging market for industrial users looking for space in the Carolinas. The region has experienced positive job and population growth recently and borders the travel-focused Myrtle Beach market, which has helped the region benefit from post-pandemic demographic trends.

The Port of Wilmington is within 700 miles of about 70% of the U.S. industrial base and is near major points in the Interstate 85 corridor including Charlotte and Raleigh-Durham. Much of the inventory near the Port is small bay warehouses and industrial facilities supporting local transportation- and warehousing-related users. The intermodal capabilities of the Port have given the region an advantage and guaranteed long-term growth, as upgrades to regional and national transportation networks better access to the Port by major population centers in the South.

Developers focused on Wilmington’s industrial market have expanded the region’s industrial inventory aggressively in more recent times as the reshoring of manufacturing jobs and other factors boost demand for the region’s industrial space. This uptick in activity has pushed the vacancy rate in Wilmington to record lows, and developers are moving quickly to meet pent-up demand for the region’s industrial space. The region’s affordability and importance to industrial users looking to access the major population areas in the South should keep fundamentals in the market stable.

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Charlotte
872,498
203
4 h 15 m
Washington
702,455
373
7 h 7 m
Baltimore
602,495
411
8 h 1 m
Jacksonville
903,889
433
8 h 6 m
Philadelphia
1,584,138
511
10 h 3 m
Columbus
892,533
610
11 h 50 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
230,255
Total Labor Force
127,590
Unemployment Rate
2.91%
Median Household Income
$64,209
Warehouse Employees
13,391
High School Education Or Higher
94.00%

LEASING AGENT

LEASING AGENT

Onno Steger, Senior Vice President
Onno Steger oversees real estate transactions for the Industrial Realty Group portfolio. He specializes in commercial real estate leasing, sale, land development and investment. His focus is to ensure properties throughout the country are thriving and profitable. Mr. Steger excels in finding creative solutions for IRG’s properties by working with local, state and national economic development groups to secure significant incentives, while also acquiring credited tenants. From start to close, he works with tenants to fully understand their operational specifications, locate quality assets within the portfolio meeting these requirements, and explain the complexities of lease agreements even after the transaction is complete. Mr. Steger has leased more than 1.2 million square feet of IRG’s real estate throughout the United Stated and assisted with the closing due diligence work on many of IRG’s major projects including a former Terex Crain manufacturing facility in Wilmington, NC totaling 502,000 square feetand Pfizer’s 2 million square foot premier, research and development campus in Pearl River,NY. Both his experience and keen eye for uncovering value makes him an integral asset to the team.

Prior to joining IRG, Mr. Steger was a partner at Colliers International | Greater Columbus Region. As a real estate broker and Senior Vice President, he was involved in transactions totaling over $250 million, including a 937,000 square foot deal with Kraft Global Foods and 500,000 square feet with Honeywell. Corp. He has also served as Director of Land Acquisitions and Development for the largest land developer in the State of Ohio.
  • Listing ID: 26090363

  • Date on Market: 7/23/2025

  • Last Updated:

  • Address: 202 Raleigh St, Wilmington, NC 28412

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