1316 5th Ave Wilmington, NC 28401-6260
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.
-
SeaCoast Crossfit Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
UMX · Wilmington, NCWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.