If you’re looking for a turn-key restaurant space in a high-traffic, central Wilmington location, this opportunity at Anderson Square is worth a closer look. With a clean, modern build-out and the option to purchase existing kitchen equipment and furnishings, this listing offers a faster, easier path to opening your doors.

Property Details

Located at 4107 Oleander Drive, Suite G&H, this ±3,323-square-foot restaurant space is situated in the heart of Midtown Wilmington, within the lively Anderson Square shopping center.

The space features a clean, modern restaurant build-out and is currently vacant, making it easy for a new concept to move in quickly. It was previously home to popular eateries like Panacea and Tazy’s, and it still includes a fully equipped kitchen and furnished dining area—both of which are available for purchase directly from the former operator.

The property includes two restrooms and is leased under a NNN lease structure, with an annual rental rate of $24 per square foot. Zoned CB (Central Business), it’s part of a well-maintained multi-tenant retail strip center that draws consistent foot and vehicle traffic throughout the day. The owner has priced the space below market value and is actively seeking a credit-worthy, experienced tenant to bring new energy to this well-loved location.

About the Area

With over 30,000 vehicles passing by each day, Oleander Drive is one of the city’s busiest commercial corridors— linking midtown to the beach and downtown. Anderson Square sits among a dense mix of national retailers, local businesses, office parks, and residential neighborhoods, creating a built-in customer base for lunch, dinner, and everything in between.

This midtown location is especially attractive for businesses that value convenience, visibility, and proximity to other high-traffic destinations. Ample parking, established neighboring tenants, and nearby residential density make this a strong pick for restaurateurs ready to hit the ground running.

This is a great opportunity to lease a restaurant space that’s ready for your concept—without the hassle of building from scratch. View more property details and reach out to our listing agent to schedule a showing or discuss your business plans.