1405 5th Avenue,
Wilmington NC, 28401
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.
Details
| MLS# | 100244571 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 112 |
Features
| SQ Feet | 7,015 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | UMX |
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Learn More About This Property
| Area Information | |
|---|---|
| State | NC |
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Area | New Hanover |
| Listing VS Median (in 28401) | |
Price: $625,000 low | high Med: $225,000 SqFt: 7,015 low | high Med: 691 $ / SqFt: $89 low | high Med: $81 On Site: 112 low | high Med: 113 | |
MLS Number: 100244571Listing Provided By:
Jeffrey G Hovis of Intracoastal Realty Corp