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1315 S 5th AvenueWilmington, NC 28401

  • Retail
  • $2,635,000
  • 44,841 SQFT

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.

Last Checked
1 minute ago
Last Updated
Jul 30, 2024
Days on Website
111

Property Details for 1315 S 5th Avenue

1315 S 5th Avenue is a retail, other, wholesale, professional_service, mixed_use, business_service, warehouse, self_storage, office, medical commercial space for sale in Wilmington, NC 28401.

All

Jeffrey G Hovis

Intracoastal Realty Corp

910-512-2205

Please contact Jeffrey G Hovis at Intracoastal Realty Corp direct by phone at 910-512-2205. You may also reach Intracoastal Realty Corp by phone at 910-256-4503.

Listing Provider for 1315 S 5th Avenue

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Jeffrey G Hovis
Agent Phone Number:
910-512-2205
Office:
Intracoastal Realty Corp
Office Phone Number:
910-256-4503
MLS ID:
100456498
Data Source:
North Carolina Regional MLS
Last Checked:
1 minute ago
Last Updated:
July 30, 2024 2:23 PM UTC
Days on Site:
111
North Carolina Regional MLS