1405 South 5th Ave

$585,000, 5,752 Sqft .38 Acres

About This Property

PROPERTY LOCATED IN OPPORTUNITY ZONEProperty containing Multiple building 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.(See Floor plan for layout) The This location is within a block of the ever expanding South Front Area. The existing structures can easily be leased and this entire site lends itself to redevelopment. This site was the home of the sellers business and is set up to accommodate a number of uses. The UMX zoning enables the owner to go up 45 feet in height by right with a potential of 75 feet. This size of property with existing usable structures is a great investment and development opportunity.

Essential Information

MLS® #100150659
Price$585,000
Bathrooms0.00
Half Baths2
Square Footage5,752
Acres0.38
Year Built1948
TypeCommercial
StatusActive

Sub-Type

Business Flex, Mixed Use, Office, Self Storage

Community Information

Address1405 South 5th Ave
AreaNot In Subdivision
SubdivisionNot In Subdivision
CityWilmington
CountyNew Hanover
StateNC
Zip Code28401

Amenities

AmenitiesSee Remarks
Parking Spaces12
ParkingOff Street, Unpaved
WaterfrontNone

Utilities

City Water, Municipal Sewer, Municipal Water

Features

Electric 3 Phase, Storage Outside

Interior

HeatingElectric, Natural Gas
CoolingCentral Forced Air

Exterior

ExteriorAluminum, Block, Brick, Stucco
Lot Description133 x120
RoofMembrane, Metal/Tin
FoundationConcrete Block, Slab

Construction

Block, Concrete, Metal, Wood Frame

Additional Information

Date ListedFebruary 15th, 2019
Days on Market315
ZoningUMX

Listing Details

OfficeIntracoastal Realty Corp

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