1315 S 5th Ave - Warehouse FOR SALE


Wilmington, NC 28401
$2,370,000 USD
910-512-2205
1315 S 5th Ave, Wilmington, NC for Sale
$2,370,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

1315 S 5th Ave
Wilmington, NC 28401


HIGHLIGHTS

  • Prime Development Site. Retail, Multifamily, Warehouse and Mixed Use

OVERVIEW

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 opportunit

FOR SALE DETAILS

PRICE

$2,370,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

National Linen Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

UTILITIES

Water, Sewer

CLEAR CEILING HT

23 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.58

LAND SF

112,385

ZONING

UMX

APN/PARCEL ID

R05413-040-002-000

ASK ABOUT THIS PROPERTY

Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.