1405 S 5th Ave
Wilmington, NC 28401
Office Property For Sale

Property containing multiple buildings with a usable square footage of 5,752 sits on a 16,379 square foot lot located in the Urban Mixed Use zoned area of South 5th Avenue. This location is within a block of the ever-expanding South Front Area. The existing structures can easily be leased and this entire site lends itself to redevelopment. This site was the home of the seller's business and is set up to accommodate a number of uses. The UMX zoning enables the owner to go up 45 ft. in height by right with a potential of 75 ft. The seller is offering owner financing to the right buyer. This size of property with existing usable structures is a great investment and development opportunity. Property is currently being used as a printing business, storage and other business services. Located in warehouse and developing area. Flat lot, with 2 one-story buildings. Seller also owns neighboring property and will entertain expanding the available land footprint. The structures are in fair shape and could be easily cleaned up and leased. Lease rates are going up and availability is low in this area.