Wilmington Mixed-Use Development
1315 S 5th Avenue, Wilmington, NC 28401
1.9-acre commercial property in Opportunity Zone, high-traffic area.
Type:Commercial/Industrial
Property size:
44,841 SFLot size:
1.90 AcresPrice / SF:
$44/SF- Added:
- Mar 12, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 6 at 3:55 am
Property Features for 1315 S 5th Avenue
General Information
- Standard status
- Active
- Size
- 44,841 SF
- Lot size
- 1.90 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1992
Listing agent Jeffrey G Hovis License #234605
Listing office Intracoastal Realty Corp (910) 256-4503
Listing date Mar 12, 2026
Source Exitrealty
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
HighLights
- 1.9‑acre commercial property in an Opportunity Zone, offering significant tax benefits.
- Located in a high‑traffic area with excellent visibility and frontage on both S 5th Street (250 ft) and Martin Street (330 ft).
- Zoned UMX (Urban Mixed Use), permitting a wide range of commercial and residential uses.
- Existing 45,000 sq ft warehouse structure can be repurposed.
- Ample on‑site and on‑street parking available.
- Seller open to expanding land availability.
Overview
This commercial property presents a development opportunity in the South End of Wilmington. Situated in an Opportunity Zone, the 1.9-acre parcel benefits from high traffic and excellent visibility, with 250 feet of frontage on S 5th Street and 330 feet of frontage on Martin Street. The existing warehouse structure measures almost 45,000 square feet. Zoned UMX (Urban Mixed Use), the property allows for commercial and residential uses, including offices, restaurants, medical offices, and retail. This property is suited for a range of commercial mixed uses. The existing structure could be repurposed for retail, office space, mixed use, or multifamily purposes, or a combination of these. Ample on-site and on-street parking is available. The surrounding area features a mix of residential neighborhoods, businesses, and amenities, creating a hub of activity and foot traffic. The interior has been partially demoed and opened up. The seller is open to expanding the availability of additional land.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Seaboard Social Hall
Restaurant
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9409
- Latitude
- 34.2186
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 1.9-acre commercial property in Opportunity Zone, high-traffic area.
Where is this mixed-use property located?
The property is located at 1315 S 5th Avenue Wilmington, NC.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 1.9‑acre commercial property in an Opportunity Zone, offering significant tax benefits.; Located in a high‑traffic area with **excellent visibility and frontage** on both S 5th Street (250 ft) and Martin Street (330 ft).; Zoned UMX (Urban Mixed Use), permitting a wide range of commercial and residential uses.
