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243 Front St 23,750 SF 100% Leased Office Building Wilmington, NC 28401 $4,700,000 ($197.89/SF)

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EXECUTIVE SUMMARY

Rare opportunity to own an entire 23,750 SF building prominently located in the heart of downtown Wilmington. Situated on a 0.19-acre parcel zoned Central Business District (CBD), this property offers exceptional flexibility and potential for both owner-occupants and investors.
The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end.
With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
23,750 SF
Building Class
C
Year Built
1900
Price
$4,700,000
Price Per SF
$197.89
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,917 SF
Building FAR
2.73
Lot Size
0.20 AC
Zoning
CBD,CENTRA - Central Business District

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 7,200 SF
  • Office
  • Full Build-Out
  • 30 Days

The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end. With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.

  • 2nd Floor
  • 7,200 SF
  • Office
  • Full Build-Out
  • 30 Days

The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end. With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.

  • 3rd Floor
  • 7,200 SF
  • Office
  • Full Build-Out
  • 30 Days

The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end. With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.

Space Size Space Use Condition Available
1st Floor 7,200 SF Office Full Build-Out 30 Days
2nd Floor 7,200 SF Office Full Build-Out 30 Days
3rd Floor 7,200 SF Office Full Build-Out 30 Days

1st Floor

Size
7,200 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size
7,200 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Floor

Size
7,200 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 7,200 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end. With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.

2nd Floor

Size 7,200 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end. With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.

3rd Floor

Size 7,200 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end. With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.

Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R04720-007-014-000
Land Assessment
$579,100
Improvements Assessment
$6,922,900
Total Assessment
$7,502,000
  • Listing ID: 37221065

  • Date on Market: 8/11/2025

  • Last Updated:

  • Address: 243 Front St, Wilmington, NC 28401

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