1405 S 5th Avenue Wilmington, NC
$ 625,000
Property Attributes
  • MLS#100244571
  • TypeCommercial
  • CityWilmington
  • AreaNot In Subdivision
  • NeighborhoodWilmington
  • Zip28401
  • StyleIndustrial,Mixed Use,Office,,Retail,Self Storage,W
  • Year Built1948
  • Taxes2766
  • Price$ 625,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
Intracoastal Realty Corp
Property Description

IN OPPORTUNITY ZONE. Property containing multiple buildings with a usable square footage of 7,015 and sits on a 16,379 square foot lot located in the Urban Mixed Use zoned area of S 5th Avenue. Building break out is 4,776 SF main warehouse, 1,818 SF second level warehouse and 441 SF additional separate structure. This location is within a block of the ever-expanding South Front Area. The existing structures can be utilized and the entire site lends itself to redevelopment. This site was the home of the seller's business and is set up to accommodate a number of uses. The UMX zoning enables the owner to go up 45 feet high by right with an potential of 75 feet. All the existing autos ,equipment, debris and business property will be removed prior to the transfer of sale of the property. This size of property with existing usable structures is a great investment in this expanding business development area.

Price History
11/6/2020 Listed $625,000

General Features

Airport Less than 5 Miles
City Limits Yes
Construction Block, Steel Frame, Wood Frame
County New Hanover
Days on Market 16
Flooring Concrete
HOA Amenities No Amenities
Location See Remarks
New Construction No
Number of Units 2
Property Type G
Roof Membrane, Metal, Shingle
Status Active
Stipulation of Sale None
Sub-Type Industrial, Mixed Use, Office, Other, Retail, Self Storage, Warehouse
Subdivision Not In Subdivision
Tax Year 2020
Terms Cash, Conventional
Utilities City Water, Municipal Sewer
Water Heater See Remarks
Year Built 1948
Zoning UMX

Interior Features

Attic None
Basement None
Cooling System See Remarks, Wall/Window Unit(s)
Heated Area 7015.00
Heating Other-See Remarks

Exterior Features

Exterior Finish See Remarks
Foundation Block, Slab
Lot Acres 0.38
Lot Dimensions 120 x 133
Lot Water Feature None
Number of Parking Spaces 8


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28401

AVG $750K
AVG $3,553
AVG 13
Year Built
AVG 1946
AVG 67
Data Provided by Walkscore ® not using MLS data

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