1405 S 5th Avenue, Wilmington, NC 28401 (MLS# 100578856)

1405 S 5th Avenue, Wilmington, NC 28401

$985,000

Property Type: Comm Sale or Lease Square Footage: 7,015 Lot Size (sq. ft.): 14,892 Status: Active

Current Price: $985,000 List Date: 6/23/2026 Last Modified: 10/16/2026

Overview

Description

Unique UMX redevelopment opportunity offering over 7,000 square feet across two connected buildings on approximately 0.34 acres, just minutes from Downtown Wilmington. The flexible layout includes warehouse, office, storage, and residential components across two buildings constructed in 1948 and 1991, creating exceptional possibilities for redevelopment, adaptive reuse, investment, or future mixed-use concepts. UMX zoning allows for a variety of commercial and residential uses in one of Wilmington's rapidly evolving growth corridors. Formerly occupied by Cape Fear Graphics, this property presents an opportunity to reimagine a substantial footprint in a prime location.

Listing Details MLS# 100578856

Contract Info

Delayed Marketing?: Yes
Marketing Start Date: 2026-06-23
Sub-Type: Warehouse
Garage: Private
Sale/Lease: Sale
Listing Price: 985000
List Price/SqFt: 140.41
Stipulation of Sale: Standard

Location Information

Street #: 1405
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: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Take Market Street toward downtown Wilmington, turn left on S 3rd, turn left on Greenfield Street, turn left on 5th Avenue and property is on the right.
Sign on Property: Yes

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 7015

Legal and Taxes

Tax Assessed Value: 492000
Total City Real Estate Property Tax: 2766
Deed Book: 1223
Deed Page: 1101
Legal: Tr A Lot 2-3 Blk 576 City Of Wilmington Recom
Broker Owner: No
PID: 312717.01.2838.000
Tax Identifier: R05417-006-004-003
Plat Book: 11
Plat Page: 11
Total Real Estate Property Taxes: 2895.42
Special Assessments: None
Tax Year: 2025
Year Built: 1948
Zoning: UMX
HOA: No
Cobra Zone: No

More Information

Miscellaneous

Current Use: Vacant/storage

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: Industrial; Mixed; Professional/Office; Retail; Storage; Warehouse; Commercial; Other HOA and Neigh Amenities: No Amenities Attic: None Basement: None Construction: Block; Steel Frame; Wood Frame Exterior Finish: See Remarks Flooring: Concrete Foundation: Block; Slab Fuel Tank: None Green Bldg Features: None Parking Features: Off Street; On Site; Unpaved Roof: Membrane; Metal; Shingle Location: See Remarks Lot Water Features: None Cooling: Central Air; Other Heating: Forced Air; Other Heating System Fuel Source: Natural Gas Water Heater: See Remarks Sewer: Municipal Sewer Water Source: Public Terms: Cash; Conventional

IDX

Listing Office: RE/MAX Executive

Last Updated: October - 16 - 2026

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