$625,000

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 TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site112

Features

SQ Feet7,015
Story(s)1
Units2
ZoningUMX
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Area Information
StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$625,000
low | high
Med:
$225,000
100% of Average
SqFt:
7,015
low | high
Med:
691
100% of Average
$ / SqFt:
$89
low | high
Med:
$81
58.632416787264% of Average
On Site:
112
low | high
Med:
113
99.115044247788% of Average
Listing Updated: February 25, 2021 8:50:10 PM PST
Jeffrey G Hovis LogoMLS Number: 100244571
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp
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