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
- 281
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.
Rooms
- Features:
- None
Heating & Cooling
- Cooling:
- No, None
- Heating:
- No, None
Parking
- Features:
- Parking Lot, Off Street, On Site, Paved
- Attached Garage:
- No
Lot
- Acres:
- 1.9
- Total SQFT:
- 82,808
- Dimensions:
- 250 x331 x250 x 331
- Parcel Number:
- R05413-040-002-000
- Road Frontage:
- City Street, State Road
- Road Surface:
- Paved
- Zoning:
- UMX
Community
- Subdivision:
- Dawson-Greenfield
- County:
- New Hanover
- Waterfront Features:
- None
Status
- MLS ID:
- 100456498
- Status:
- Active
- Published Date:
- Wednesday, July 17, 2024 (281 Days Ago)
Terms
- Special Conditions:
- None
Interior
- Flooring:
- Concrete
Utility
- Water:
- Municipal Water
- Sewer:
- Municipal Sewer
- Services:
- Natural Gas Available
Building
- Type:
- Commercial, Retail, Other, Wholesale, Professional Service, Mixed Use, Business Service, Warehouse, Self Storage, Office, Medical
- Design:
- Steel Frame
- Year Built:
- 1992
- New Construction:
- No
- Construction Materials:
- Block, Brick
- Roof:
- Flat
- Foundation:
- Slab
- Total SQFT:
- 44841
Taxes
- Annual Taxes:
- $10,048.74
Address
- Street Number:
- 1315
- Street Prefix Directional:
- S
- Street Name:
- 5th
- City:
- Wilmington
- State:
- NC
- Zip:
- 28401
- Directions:
- From Downtown Wilmington; take S 3rd Street, turn left on Dawson Street, turn right on to S 5th Avenue. Property is located at the intersection of S 5th Avenue and Martin Street
- Coordinates:
- -77.940849, 34.218599
Pricing
- Type:
- Sale
- List Price:
- $2,635,000
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.
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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:
- 281
