Active
1315 S 5th Avenue
Wilmington NC, 28401
$2,370,000
$52.85 per sqft
Active
44,841 sqft
Commercial
Built in 1992
Exceptional commercial property development opportunity in the South End of Wilmington. This property is in an Opportunity Zone and is situated in a high-traffic area with excellent visibility. The parcel consists of 1.9 acres with warehouse structure that is almost 45,000 square feet in size. Property has 250 feet of frontage on S 5th Street and 330 feet of frontage on Martin Street.
The property is zoned UMX(Urban Mixed Use) which permits the operation and use of the of the property for commercial and residential uses, including offer, restaurants, medical offices and retail. This property is ideal for a wide range of commercial mixed uses. The existing structure could be repurposed for retail, office space, mixed use, multifamily or a combination of several uses. Ample parking is available on site on or on street. The surrounding area consists of a mix of residential neighborhoods, businesses, and amenities, making it a hub of activity and potential foot traffic.
Current owner has done a great deal of work to open the opportunity for someone to continue with existing plans or to expand in another direction. The interior has been partially demoed and has been opened up. The seller has other holding in the area and is open to expanding the availability of additional land. A very rare opportunity.
100456498
MLSⓇ ID
July 18, 2024
Listed
November 22, 2024
Updated
Map
1315 S 5th Avenue
Wilmington NC, 28401
Interior Features
Floor Description
Concrete
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
1.9 Acres
Roof
Flat
Sewer
Municipal Sewer
Other Property Details
Taxes
$10,049
Tax Frequency
Annually
Days on Market
113
Association Fee Frequency
Yearly
Association Amenities
No Amenities
Garage
No
Parking
Parking Lot, Off Street, On Site, Paved
Parking Total
40
View
No
County
New Hanover
Water Source
Municipal Water
Pool
No
Zoning
UMX
Listing History
Date | Event | Price |
|---|---|---|
11/6/2024 | Price change | $2,370,000 -11% |
Courtesy of Intracoastal Realty Corp with Jeffrey G Hovis, Sky Grainger
Listing Contact: 910-512-2205
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Data last updated 1:39 PM UTC, 11/22/2024
