BUILDING FOR SALE OR LEASE
19 S. 10th Street, Wilmington, NC 28401
For Sale: $1,750,000
(Seller Financing Available for Qualified Buyers)
For Lease: $25/sf/year (Triple Net)
Our former home, The Sorrow Drowner, is now available — a distinctive restaurant and theater space positioned at the crossroads of Wilmington’s most dynamic neighborhoods. Bordering the Historic District, The Soda Pop District, and less than a mile from The Container District, this property offers exceptional visibility and flexibility for your next concept.
From 2022 to 2025, The Sorrow Drowner achieved an average annual gross increase of 28%, reflecting both the venue’s success and Wilmington’s continued status as the fastest-growing city in the South.
Property Highlights
4,850 sq ft | Steel-frame with wood/stick overlay construction
Soundproof composite walls — ideal for restaurants, bars, theaters, or studios
Full fire suppression system
Sound system and theater lighting included at no additional cost if desired
Zoned UMX (Universal Mixed Use) – suitable for hospitality, retail, or creative commercial use
Existing theme/decor optionally available for purchase to qualified buyers
Lease Details
Term: 5 years with one 5-year renewal option
Triple Net Lease
Right of First Refusal / Lease-to-Own options available at negotiated rates
3-month security deposit required
Optional Full Buyout Opportunity
For qualified buyers seeking a complete turnkey venture, the entire Sorrow Drowner company — including the brand, intellectual property, décor, and equipment — is available as a full acquisition package. Imagineer Designed and built! A once in a lifetime opportunity!
Asking Price: $2,750,000
(Includes real estate, business, décor, and equipment)
The Sorrow Drowner’s next chapter is already in motion, as ownership is headed to the west coast for an intended relocation of the bar and all of its assets; however, we have new ready to build concepts we can pivot to! As part of the sale, a 10-year non-compete within a 45-mile radius will be included, ensuring exclusivity and brand protection for the buyer.
This offering represents a rare chance to acquire both a proven brand and an exceptional property in one of the Southeast’s most rapidly growing hospitality markets.
