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711 N 5th St 12,652 SF Industrial Building Wilmington, NC 28401 $5,561,280 CAD ($439.56 CAD/SF)
Investment Highlights
- This site offers strong potential for residential, live/work, or mixed-use development in one of downtown's fastest-growing districts.
Executive Summary
Rare multi-parcel offering in Wilmington's Brooklyn Arts District. This 0.94 acre with 12,000 sq.ft.+/- Industrial Warehouse assemblage at 711 N 5th Ave. and N. 4th St. includes five contiguous parcels currently operating as ACME Art Studios, a well-known creative hub. Positioned in the Central Business District, the property is ideally suited for infill redevelopment consistent with the City's vision for higher-density, walkable mixed-use environments. Surrounded by ongoing revitalization, local businesses, and cultural venues, this site offers strong potential for residential, live/work, or mixed-use development in one of downtown's fastest-growing districts.
Property Facts
| Price | $5,561,280 CAD | Rentable Building Area | 12,652 SF |
| Price Per SF | $439.56 CAD | No. Stories | 1 |
| Sale Type | Owner User | Year Built | 1969 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.69/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.94 AC | ||
| Zoning | CBD - Central Business District | ||
| Price | $5,561,280 CAD |
| Price Per SF | $439.56 CAD |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.94 AC |
| Rentable Building Area | 12,652 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Parking Ratio | 0.69/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | CBD - Central Business District |
Amenities
- Fenced Lot
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R04813-014-027-000 | Improvements Assessment | $739,045 CAD |
| Land Assessment | $889,666 CAD | Total Assessment | $1,628,710 CAD |
Property Taxes
Parcel Number
R04813-014-027-000
Land Assessment
$889,666 CAD
Improvements Assessment
$739,045 CAD
Total Assessment
$1,628,710 CAD
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711 N 5th St
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