1315 S 5th AVE Active Save Request In-Person Tour Request Virtual Tour
Wilmington,NC 28401
Key Details
Property Type Commercial
Sub Type Improved
Listing Status Active
Purchase Type For Sale
Square Footage 44,841 sqft
Price per Sqft $52
Subdivision Dawson-Greenfield
MLS Listing ID 100456498
Style Steel Frame
HOA Y/N No
Originating Board North Carolina Regional MLS
Year Built 1992
Annual Tax Amount $10,048
Lot Size 1.901 Acres
Acres 1.9
Lot Dimensions 250 x331 x250 x 331
Property Description
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.
Location
State NC
County New Hanover
Community Dawson-Greenfield
Zoning UMX
Direction 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
Rooms
Basement None
Interior
Heating None
Cooling None
Flooring Concrete
Exterior
Garage Parking Lot,Off Street,On Site,Paved
Utilities Available Natural Gas Available
Waterfront Description None
Roof Type Flat
Building
Foundation Slab
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Others
Tax ID R05413-040-002-000
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None