Back to Search

Mixed-Use Retail and Apartment Property

5018 Oleander Drive, Wilmington, NC 28403

View on Map

For Sale

$979,000

MULTI_FAMILY - Wilmington, NC

Property size:

3,579 SF

Lot size:

0.46 Acres

Price / SF:

$273/SF

HighLights

Two‑building commercial mixed‑use property totaling about 3,900 SF (3,579 SF heated; 347 SF enclosed)
Nearly half‑acre site on the high‑visibility Oleander Drive corridor in Midtown Wilmington
Includes a storefront, design studio, and a one‑bedroom apartment with flexible space for live/work use
RO (Residential Office) zoning district allowing a range of residential and commercial uses
Recently renovated buildings with vinyl siding, shingle roof, and wood and tile flooring
Utilities include public water; heating options include propane, heat pump, and electric; cooling includes a heat pump; paved driveway/parking

We can help!

Contact an agent

Lisa W Wayne

For Sale

$979,000

MULTI_FAMILY - Wilmington, NC

Property size:

3,579 SF

Lot size:

0.46 Acres

Price / SF:

$273/SF

Added:: Jun 27, 2025
Days on Market:: 366
Last Refresh:: Jun 27 at 1:06 pm

Property Features for 5018 Oleander Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: ROD
Parking features: Driveway, Paved or Surfaced
Standard status: Active
APN: R06108-009-001-000
Size: 3,579 SF
Lot size: 0.46 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: LOT 48 B Piney Woods
Tax Annual Amount: 4675

Utilities

Utilities: Water Available
Heating system: Propane (Heating), Electric (Heating), Heat Pump (Heating)
Cooling system: Heat Pump
Water source: Public

Building Details

Year built: 1954
Flooring type: Tile, Wood
Building materials: Vinyl Siding
Roof type: Shingle

We can help!

Contact an agent

Lisa W Wayne

Listing agent Lisa W Wayne License #193183

Listing office Intracoastal Realty Corporation 1900 Eastwood Road, Suite 38, Wilmington, NC

Listing date Jun 27, 2025

MLS# 100516272

HighLights

Two‑building commercial mixed‑use property totaling about 3,900 SF (3,579 SF heated; 347 SF enclosed)
Nearly half‑acre site on the high‑visibility Oleander Drive corridor in Midtown Wilmington
Includes a storefront, design studio, and a one‑bedroom apartment with flexible space for live/work use
RO (Residential Office) zoning district allowing a range of residential and commercial uses
Recently renovated buildings with vinyl siding, shingle roof, and wood and tile flooring
Utilities include public water; heating options include propane, heat pump, and electric; cooling includes a heat pump; paved driveway/parking

Overview

This for-sale mixed-use property features two buildings totaling approximately 3,900 square feet, with 3,579 square feet heated and 347 square feet enclosed. The offering includes a storefront area, a design studio, and a one-bedroom apartment, providing a practical live/work and small-business layout. Following a comprehensive renovation, the space is described as having a flexible floor plan that can be adapted for a variety of business or residential configurations, including office space, a small professional practice, or a creative studio.

Located at 5018 Oleander Drive in Wilmington, the property sits on nearly 0.46 acres along the Oleander Drive corridor. The configuration supports a street-facing commercial component while also providing an on-site residential unit.

With the property positioned in a residential office zoning district (zoning listed as ROD), it is suited for owner-users looking to combine storefront or studio space with an apartment on the same site. It may also appeal to investors seeking a renovated mixed-use asset that can support both commercial and residential uses under the site’s zoning parameters. The property is currently owner-occupied.

Property Profile Location Intelligence

Current Use by Public Records

Shop of Seagate Furniture & Home Goods Classic Designs of Wilmington Interior Design

Suggested Use

Location Insight

Map
Local Demand

City: Wilmington
County: New Hanover
State: North Carolina
Longitude: -77.872595
Latitude: 34.208444

Nearby Similar for Sale

$4,400,000

7,922 SF

Renovated Restaurant Facility on Market

Move-in ready restaurant with drive-thru in Porters Neck area.

8232 Market Street, Wilmington, NC 28411

View Details
$1,065,000

3,542 SF

Turnkey Wilmington Multifamily Investment Opportunity

Four-unit property near hospital, shopping, and beaches. Fully income-producing.

1421 -1425 Wellington Avenue, Wilmington, NC 28401

View Details
$2,490,000

9,792 SF

Duplex Portfolio with Six Units

Three duplexes totaling six units offer tenant-paid utilities and modern layouts across 4-bedroom, 3-bath homes.

4515 Greenway Avenue, Wilmington, NC 28403

View Details
$875,000

5,427 SF

Adaptable Commercial Property in Wilmington

Versatile 5,427 SF commercial building suitable for various uses.

2619 Newkirk Avenue, Wilmington, NC 28412

View Details
$649,900

3,096 SF

Wilmington Duplex: Investment Opportunity

Rare opportunity to own a duplex in downtown Wilmington.

1501 Stanley Street, Wilmington, NC 28401

View Details
$649,900

3,096 SF

Wilmington Duplex: Investment Opportunity

Rare opportunity to own a duplex in downtown Wilmington, NC.

1409 Corbett Street, Wilmington, NC 28401

View Details
$649,900

3,096 SF

Duplex Portfolio with Fenced Yards

Eight side-by-side duplexes offer two private driveways and fenced backyards per unit, with on-site storage.

1411 Corbett Street, Wilmington, NC 28401

View Details
$649,900

3,096 SF

Wilmington Duplexes: Investment Opportunity

Rare opportunity to own duplexes in downtown Wilmington.

1415 Corbett Street, Wilmington, NC 28401

View Details
$1,274,000

3,000 SF

Renovated Duplex with Three Bedrooms

Thoughtfully renovated duplex offers two units with three bedrooms each, updated bathrooms, and stainless steel appliances.

403 Dock Street, Wilmington, NC 28401

View Details
$1,075,000

3,125 SF

Historic Downtown Wilmington Triplex Investment

Three-unit property in historic downtown Wilmington with income potential.

308 Church Street, Wilmington, NC 28401

View Details
$1,795,000

4,761 SF

Historic Downtown Wilmington Home

Historic 4,761 sq ft home in downtown Wilmington.

118 S 4th Street, Wilmington, NC 28401

View Details
$695,000

3,301 SF

Wilmington Four-Unit Income Property

Income-producing four-unit property in Wilmington's Historic Mixed-Use District.

407 Red Cross Street, Wilmington, NC 28401

View Details

For sale
Mixed-use properties
NC
Wilmington
28403
5018 Oleander Drive

What type of property is this?

Mixed-use property - Renovated two-building setup with storefront, design studio, and a one-bedroom apartment for flexible retail or office use.

Where is this mixed-use property located?

The property is located at 5018 Oleander Drive Wilmington, NC.

What is the asking price?

The asking price for this property is $979,000.

What are key features of this property?

This property features: Two‑building commercial mixed‑use property totaling about 3,900 SF (3,579 SF heated; 347 SF enclosed); Nearly half‑acre site on the high‑visibility Oleander Drive corridor in Midtown Wilmington; Includes a storefront, design studio, and a one‑bedroom apartment with flexible space for live/work use

5018 Oleander Drive, Wilmington, NC 28403

MULTI_FAMILY - Wilmington, NC

Property Features for 5018 Oleander Drive

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Restaurant Facility on Market

Turnkey Wilmington Multifamily Investment Opportunity

Duplex Portfolio with Six Units

Adaptable Commercial Property in Wilmington

Wilmington Duplex: Investment Opportunity

Wilmington Duplex: Investment Opportunity

Duplex Portfolio with Fenced Yards

Wilmington Duplexes: Investment Opportunity

Renovated Duplex with Three Bedrooms

Historic Downtown Wilmington Triplex Investment

Historic Downtown Wilmington Home

Wilmington Four-Unit Income Property

FAQs