Property summary
This exceptional commercial property located at 1315 S 5th Avenue in Wilmington, North Carolina, presents a significant investment opportunity. Boasting a substantial 44,841 square feet of space, this property sits on a generous 1.9-acre lot, offering ample room for expansion or outdoor operations. The building's versatile design makes it suitable for a wide range of industrial uses, from warehousing and distribution to light manufacturing or specialized workshops. Its strategic location in Wilmington provides easy access to major transportation routes, ensuring efficient logistics and convenient commutes for employees and clients. The property's size and location combine to create a compelling proposition for businesses seeking to establish or expand their operations in a thriving market. The asking price of $2,370,000 reflects the significant value and potential this property offers. Serious inquiries are encouraged to explore the possibilities and secure this prime commercial real estate asset. Further details and site visits can be arranged upon request. This is a rare opportunity to acquire a substantial industrial property in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ustrial District. Sec. 18-200. - AI, Airport Industrial District. Sec. 18-201. - CEM, Cemetery District. Sec. 18-202. - RFMU, Riverfront Mixed Use District. Sec. 18-203. - RO, Residential Office District. Sec. 18-204. -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
UMX · Wilmington, NCustrial District. Sec. 18-200. - AI, Airport Industrial District. Sec. 18-201. - CEM, Cemetery District. Sec. 18-202. - RFMU, Riverfront Mixed Use District. Sec. 18-203. - RO, Residential Office District. Sec. 18-204. -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ustrial District. Sec. 18-200. - AI, Airport Industrial District. Sec. 18-201. - CEM, Cemetery District. Sec. 18-202. - RFMU, Riverfront Mixed Use District. Sec. 18-203. - RO, Residential Office District. Sec. 18-204. -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UMX in Wilmington, NC.
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