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    1316 5Th Ave Wilmington, NC 28401

    Sponsored
    For Sale
    $1,125,000

    7,445 sq ft, 0.41-acre lot, $1,125,000

    Property size:
    7,445 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional commercial property, located at 1316 S 5th Avenue in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a substantial 7,445 square feet of space, this building sits on a sizable 0.41-acre lot, offering ample room for expansion or outdoor utilization. The property's classification as "Other" suggests versatility in its potential uses, making it suitable for a wide range of businesses. Its prime location in Wilmington ensures high visibility and accessibility, attracting a significant customer base. The asking price of $1,125,000 reflects the property's considerable size, desirable location, and the potential for strong returns on investment. Given the substantial square footage and generous lot size, this property is ideal for businesses requiring extensive space for operations, storage, or both. The property's versatility allows for creative adaptation to suit various business needs, making it an attractive proposition for entrepreneurs and established companies alike. Further investigation into zoning regulations and permitted uses is recommended to fully explore the potential of this significant commercial offering in the thriving Wilmington market. Serious inquiries are encouraged to explore this compelling investment opportunity further. The property's size and location in Wilmington, NC, make it a highly attractive prospect for a variety of commercial ventures.

    Property Features for 1316 5Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,445 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    SeaCoast Crossfit Gym

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.94168
    Latitude
    34.2184

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    FAQs

    What type of property is this?
    Commercial real estate - 7,445 sq ft, 0.41-acre lot, $1,125,000
    Where is this commercial real estate located?
    The property is located at 1316 5Th Ave Wilmington, NC.
    What is the asking price?
    The asking price for this property is $1,125,000.
    (910) 256-4503
    Request Owner's contact information
    1316 5Th Ave Wilmington, NC 28401
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    Wilmington, NC 28401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1316 5Th Ave Wilmington, NC 28401
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