1405 5th Avenue
Wilmington, NC 28401
$585,000
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Description
PROPERTY LOCATED IN OPPORTUNITY ZONEProperty 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 size of property with existing usable structures is a great investment and development opportunity.
Details
| MLS# | 100150659 |
|---|---|
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 185 |
Features
| SQ Feet | 5,752 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | UMX |
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Area Information | |
|---|---|
| State | NC |
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Area | New Hanover |
| Listing VS Median (in 28401) | |
Price: $585,000 low | high Med: $229,450 SqFt: 5,752 low | high Med: 1,369 $ / SqFt: $102 low | high Med: $182 On Site: 185 low | high Med: 34 | |
Listing Updated: 08/18/2019
MLS Number: 100150659Listing Provided By:
Jeffrey G Hovis of Intracoastal Realty Corp