1316 5Th Ave Wilmington, NC 28401
- Warehouses
- 7,350 SF
- 0.42 lot acres
Current Use by Public Records
- SeaCoast Crossfit / Gym / Fitness Center
Property Details for 1316 5Th Ave
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 0.42 lot acres
- Property size
- 7,350 SF
- Zone code
- UMX
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- R05413-039-002-000
- APU
- R05413039002000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $465,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $540,000
- Mixed-Use
- $395,000
- Hospitality
- $425,000
- Educational
- $525,000
- Residential Income
- $515,000
- Energy
- $415,000
- Income-Based Land
- $460,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9417
- Latitude
- 34.2184
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
