1315 S 5th Avenue, Wilmington, NC 28401 (MLS# 100456498)

1315 S 5th Avenue, Wilmington, NC 28401

$1,600,000

Virtual Tour

https://sites.uniquemediadesign.com/1315south5thavenue?mls

Property Type: Comm Sale or Lease Square Footage: 44,841 Lot Size (sq. ft.): 82,808 Status: Closed

Current Price: $1,600,000 List Date: 7/18/2024 Last Modified: 5/20/2026

Overview

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. Curre ... (Read more)

Listing Details MLS# 100456498

Contract Info

Available Date: 2024-07-17
Delayed Marketing?: No
Marketing Start Date: 2024-07-17
Sub-Type: Improved
Garage: Masterlock
Sale/Lease: Sale
Listing Price: 1895000
List Price/SqFt: 42.26
Stipulation of Sale: Standard

Location Information

Street #: 1315
Pre Direction: S
Street Name: 5th
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Dawson-Castle Street

Remarks and Showing

Directions to Property: 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
Sign on Property: Yes

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 44841

Legal and Taxes

Tax Assessed Value: 1189200
Total City Real Estate Property Tax: 10048.74
Deed Book: 6418
Deed Page: 151
Legal: Pt 3 All 4 5 6 Blk 558
Broker Owner: No
PID: R05413-040-002-000
Tax Identifier: R05413-040-002-000
Total Real Estate Property Taxes: 10048.74
Special Assessments: none
Tax Year: 2023
Year Built: 1992
Zoning: UMX
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes

More Information

Status Change Info

Under Contract Date: 2025-08-25
Sold Date: 2025-10-22

Current Service Providers

Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority

Property Features

Business Type: Medical; Mixed; Professional/Office; Retail; Storage; Warehouse; Business Service; Commercial; Professional Service; Wholesale HOA and Neigh Amenities: No Amenities Attic: None Basement: None Construction: Block; Steel Frame Exterior Finish: Block; Brick Flooring: Concrete Foundation: Slab Parking Features: Off Street; On Site; Parking Lot; Paved Roof: Flat Lot Description: See Remarks Current Use: Vacant Location: See Remarks Lot Water Features: None Cooling: None Heating: None Heating System Fuel Source: None Water Heater: None Utilities: Natural Gas Available; Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash; Conventional

IDX

Listing Office: Intracoastal Realty Corporation

Last Updated: May - 20 - 2026

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