Search
Renovated Mixed-Use Property
For Sale
Contact for pricing

1220 S 5th Avenue, Wilmington, NC 28401

UMX-zoned building supports office, residential, and short-term rental uses with off-street parking.

Property SizeContact for details
Days on Market144

Property Features for 1220 S 5th Avenue

General Information

Standard status Active
Property subtype Multifamily, Office, Mixed Use
Zoning UMX

Additional Details

Opportunity Zone Yes
Road Access Yes
Listing Agency: Intracoastal Realty Corp
Listed By: Jeff Hovis · License #234605
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intracoastal Realty Corp

Investment Insights

Based on property information with market context.

This renovated mixed-use property includes a front unit with 1954 square feet on the main floor and a 568-square-foot loft above. The loft has separate heating and air systems, while the front unit offers a flexible floor plan. A second unit can function as office space or a residential rental unit, supporting a combination of commercial and residential occupancy.

Property improvements include a new roof, HVAC, flooring, lighting, electrical, plumbing, and upgraded appliances. The Urban Mixed Use zoning allows short-term rentals, and the lot is close to 10,000 square feet with off-street parking and potential storage-unit space. The property is near the South Front area and surrounded by new mixed-use development activity.

Key Highlights

  • 1954 Square Feet on the main floor plus a 568 Square Feet loft
  • Second unit can serve as office space or a residential rental unit
  • Urban Mixed Use zoning permits short‑term rentals

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Bakery Electrical Service (Bike/Boat/Book/etc) Store Real Estate Agency Florist Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

513
Businesses Nearby

Demographics for 28401, NC

22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - UMX-zoned building supports office, residential, and short-term rental uses with off-street parking.
Where is this mixed-use property located?
The property is located at 1220 S 5th Avenue Wilmington, NC.
What are key features of this property?
This property features: 1954 Square Feet on the main floor plus a 568 Square Feet loft; Second unit can serve as office space or a residential rental unit; Urban Mixed Use zoning permits short‑term rentals
(910) 512-2205 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message