1405 5th Avenue
Wilmington, NC 28401

Description

Property containing Multiple building 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.(See Floor plan for layout) The This location is within a block of the ever expanding South Front Area. The existing structures can easily be leased and this entire site lends itself to redevelopment. This site was the home of the sellers business and is set up to accommodate a number of uses. The UMX zoning enables the owner to go up 45 feet in height by right with a potential of 75 feet. This seller is offering owner financing to the right buyer. This size of property with existing usable structures is a great investment and development opportunity.

Details

MLS#100150659
Sub-TypeResale
StatusActive
Year1948
Days On Site131

Features

SQ Feet5,752
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:
$585,000
low | high
Med:
$235,000
100% of Average
SqFt:
5,752
low | high
Med:
980
100% of Average
$ / SqFt:
$102
low | high
Med:
$240
85.778824350253% of Average
On Site:
131
low | high
Med:
119
100% of Average
Listing Updated: 06/25/2019
MLS Number: 100150659
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp
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