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Midtown Wilmington Mixed-Use Opportunity

5018 Oleander Drive, Wilmington, NC 28403

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For Sale

$979,000

MULTI_FAMILY - Wilmington, NC

Property size:

3,579 SF

Lot size:

0.46 Acres

Price / SF:

$273/SF

HighLights

Prime location on high‑visibility Oleander Drive in Midtown Wilmington.
Rare commercial mixed‑use property with flexible RO zoning.
Two buildings totaling approximately 3,900 square feet on nearly half an acre.
Recently renovated with a flexible floor plan.
Includes a storefront, design studio, and a one‑bedroom apartment.
Turnkey investment opportunity or ideal for owner‑users seeking a live/work environment.

We can help!

Listing Contact

Jeffrey G Hovis

For Sale

$979,000

MULTI_FAMILY - Wilmington, NC

Property size:

3,579 SF

Lot size:

0.46 Acres

Price / SF:

$273/SF

Added:: Jun 29, 2025
Days on Market:: 346
Last Refresh:: Jun 9 at 10:06 am

Property Features for 5018 Oleander Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: ROD
Bedrooms: 2
Bathrooms: 3
Rooms: Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1
Parking features: Driveway, Off Street
Patio and Porch features: Porch
Interior features: Ceiling Fan(s)
Accessibility: Accessible Approach with Ramp
Appliances: Electric Oven, Refrigerator, Dishwasher
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: Lt 48 B Piney Woods S/D
Tax Annual Amount: 4675

Utilities

Utilities: Propane
Heating system: Propane (Heating), Forced Air, Electric (Heating)
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1954
Floors in Building: 1
Number of units: 3
Flooring type: Tile, Vinyl
Building materials: Brick, Vinyl Siding, Wood Frame
Roof type: Shingle

We can help!

Listing Contact

Jeffrey G Hovis

Listing agent Jeffrey G Hovis License #234605

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

Listing date Jun 29, 2025

MLS# 100516487 Listing URL

HighLights

Prime location on high‑visibility Oleander Drive in Midtown Wilmington.
Rare commercial mixed‑use property with flexible RO zoning.
Two buildings totaling approximately 3,900 square feet on nearly half an acre.
Recently renovated with a flexible floor plan.
Includes a storefront, design studio, and a one‑bedroom apartment.
Turnkey investment opportunity or ideal for owner‑users seeking a live/work environment.

Overview

Located in the heart of Midtown Wilmington, this commercial mixed-use property presents a unique opportunity. The property includes two buildings totaling approximately 3,900 square feet (3579 SF Heated and 347 SF enclosed) on nearly half an acre along the high-visibility Oleander Drive corridor. The property is positioned within the RO (Residential Office) zoning district, allowing for a wide range of both residential and commercial uses. This makes it suitable for entrepreneurs, investors, or those seeking a live/work environment. The property features a store front, design studio and a one-bedroom apartment. The buildings have recently undergone a comprehensive renovation, featuring a flexible floor plan that can easily adapt to various business or residential needs. The layout and improvements provide excellent potential for office space, a small professional practice, creative studio, or a combination of uses. Currently owner-occupied, this property offers a unique opportunity for owner-users or as a turnkey investment in one of Wilmington's most central and accessible locations.

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: -77.87266
Latitude: 34.208533

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

What type of property is this?

Mixed-use property - Commercial mixed-use property in Midtown Wilmington with flexible floor plan.

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: Prime location on high‑visibility Oleander Drive in Midtown Wilmington.; Rare commercial mixed‑use property with flexible RO zoning.; Two buildings totaling approximately 3,900 square feet on nearly half an acre.

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

Adaptable Commercial Property in Wilmington

Wilmington Duplex: Investment Opportunity

Wilmington Duplex: Investment Opportunity

Duplex Portfolio with Fenced Yards

Wilmington Duplexes: Investment Opportunity

Historic District Duplex Opportunity

Wilmington Multifamily Investment Opportunity

Historic Downtown Wilmington Home

Turnkey Wilmington Multifamily Investment Opportunity

Wilmington Four-Unit Income Property

Wilmington Multifamily Investment Opportunity

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