NC > Wilmington > Dawson-Greenfield
Wilmington, NC 28401,1315 S 5th AVE
Wilmington, NC 28401,1315 S 5th AVE
Wilmington, NC 28401,1315 S 5th AVE
Wilmington, NC 28401,1315 S 5th AVE
Wilmington, NC 28401,1315 S 5th AVE
Wilmington, NC 28401,1315 S 5th AVE
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Kevin Lee & Jason Harrell

Kevin Lee & Jason Harrell

$ 2,370,000
Est. payment | /mo

44,841 SqFt

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$ 2,370,000
Est. payment | /mo
Save Virtual Tour

44,841 SqFt

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

Hive MLS / (NCRMLS)
Listed by Intracoastal Realty Corp

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Kevin Lee & Jason Harrell

Broker-Owner | Lic# 186173

3208 Charles Blvd, Greenville, NC, 27858

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1315 S 5th AVE