1315 5Th AveWilmington, NC 28401

This exceptional 1.9-acre commercial redevelopment opportunity is located in Wilmington, North Carolina's South End, within an Opportunity Zone. The property boasts a nearly 45,000-square-foot warehouse structure on a vacant lot, offering significant potential for a variety of mixed-use developments. With 250 feet of frontage on S 5th Street and 330 feet on Martin Street, the site enjoys excellent visibility and accessibility. Zoned UMX (Urban Mixed Use), the property permits commercial and residential uses, including offices, restaurants, medical facilities, and retail spaces. The existing structure, partially demolished and opened up, presents a blank canvas for repurposing into retail, office, multifamily, or a combination thereof. Ample on-site and street parking is available. The surrounding area is a vibrant mix of residential, commercial, and amenity-rich spaces, ensuring high foot traffic and potential. The seller owns adjacent land and may be open to expanding the property's size. This is a rare chance to capitalize on a prime location and significant development potential in a thriving urban environment. The property features one building, built in 1992, with one story and a total of 44,841 square feet. The asking price is $2,370,000, or $52.85 per square foot. The APN is R05413-040-002-000.