711 N 5th AVE, Wilmington, NC 28401
711 N 5th AVE, Wilmington, NC 28401
711 N 5th AVE, Wilmington, NC 28401
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$3,995,000
Est. payment /mo
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12,652 SqFt
Price Dropped by $405K

711 N 5th AVE Wilmington, NC 28401

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George S. Wonica

George S. Wonica

+1(929) 475-0834

UPDATED:

Key Details

Property Type Commercial

Sub Type Improved

Listing Status Active

Purchase Type For Sale

Square Footage 12,652 sqft

Price per Sqft $315

MLS Listing ID 100568713

Style Steel Frame

HOA Y/N No

Year Built 1969

Lot Size 0.940 Acres

Acres 0.94

Lot Dimensions See Exhibit A- Property Description

Property Sub-Type Improved

Source Hive MLS

Property Description

Rare multi-parcel offering in Wilmington's Brooklyn Arts District. This 0.94 acre with 12,650 sq.ft.+ Industrial Warehouse assemblage at 711 N 5th Ave. and N. 4th St. includes five contiguous parcels currently operating as ACME Art Studios, a well-known creative hub. Positioned in the Central Business District, the property is ideally suited for infill redevelopment consistent with the City's vision for higher-density, walkable mixed-use environments. Surrounded by ongoing revitalization, local businesses, and cultural venues, this site offers strong potential for residential, live/work, or mixed-use development in one of downtown's fastest-growing districts.

Location

State NC

County New Hanover

Community Other

Zoning CBD

Direction Take Martin Luther King Pkwy. and continue on to Third St. Turn left onto Brunswick St. then turn right onto Fifth Ave. ACME Art is on the right.

Location Details Mainland

Rooms

Basement None

Interior

Heating Heat Pump, Electric, Forced Air

Cooling Central Air, Heat Pump

Flooring Concrete

Exterior

Parking Features Private, Parking Lot, Additional Parking, Unpaved, Off Street, On Site, Paved

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Amenities Available None

Waterfront Description None

Roof Type Flat

Garage No

Building

Lot Description Open Lot, Level, See Remarks, Cleared, Undeveloped

Foundation Slab

Water Public

New Construction No

Others

Tax ID R04813-014-027-000

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://player.vimeo.com/video/1185691221?app_id=122963

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors / Mountain Lakes Board of Realtors
Listed by Intracoastal Realty Corporation

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George S. Wonica

George S. Wonica

Broker Associate License ID: 10301219105

+1(929) 475-0834

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711 N 5th AVE