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    1220 S 5th Avenue

    Wilmington, NC 28401
    • $539,000
    • STATUS: Active
    • ON SITE: 49 days
    • MLS #: 100252546
    UPDATED: 219 min ago
    $539,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,550
      SQFT
    • $211
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    Unique property located in the Urban Mixed Use zoned area of South 5th Avenue. This property has a number of uses that can generate income. This can also be an owner occupied business/residence. The front unit is 1954 Square Feet in the main floor with 568 Square Feet on the second level loft area that has its own heating and air systems. Floor plan for Unit 1 has flexibility based on the intended use. Unit Two can also be utilized as an office or a residential rental unit. This property has been completely renovated. New roof, new HVAC, New flooring, lighting, electrical, plumbing and all appliances have been upgraded. Located close to the South Front area and is in an area that is seeing growth and much new mixed use development. The flexibility that an UMX zoned property provides, enables a solid investment opportunity. Short Term rentals are permitted in the UMX area. The demand for housing and combination office space is steady. The lot is close to 10,000 square feet and provides space for off street parking and possible storage unit options. Great investment opportunity and is located in a designated opportunity zone.

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    © 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-03-06T23:55:35.117.
    www.newbernrealestatesearch.com/homes/113336790
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    1220 S 5th Avenue Wilmington, NC 28401

    • Price: $539,000
    • Status: Active
    • Updated: 219 min ago
    • MLS #: 100252546
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,550
    SQFT
    $211
    $/SQFT
    1930
    Built
    Neighborhood:
    Not In Subdivision
    County:
    New Hanover
    Area:
    Wilmington
    Property Description
    Unique property located in the Urban Mixed Use zoned area of South 5th Avenue. This property has a number of uses that can generate income. This can also be an owner occupied business/residence. The front unit is 1954 Square Feet in the main floor with 568 Square Feet on the second level loft area that has its own heating and air systems. Floor plan for Unit 1 has flexibility based on the intended use. Unit Two can also be utilized as an office or a residential rental unit. This property has been completely renovated. New roof, new HVAC, New flooring, lighting, electrical, plumbing and all appliances have been upgraded. Located close to the South Front area and is in an area that is seeing growth and much new mixed use development. The flexibility that an UMX zoned property provides, enables a solid investment opportunity. Short Term rentals are permitted in the UMX area. The demand for housing and combination office space is steady. The lot is close to 10,000 square feet and provides space for off street parking and possible storage unit options. Great investment opportunity and is located in a designated opportunity zone.
    Exterior Features

    Construction Brick/StoneWood Frame Exterior Finish Brick Foundation Crawl Space Location See Remarks Location Type Mainland Lot Description See Others Lot Dimensions 68 X 149 Lot Water Features None Number Of Parking Spaces 4 Parking Driveway Off Street Road Type Frontage 2 - 3 Lanes Roof Metal

    Interior Features

    Attic Floored - PartialStairs - Perm Basement None Ceiling Height 9.00 Cooling System Central Flooring Lvt/LvpTileWood Heating System ElectricNatural Gas Sq Ft Total Available 2550.00 Water Heater ElectricNatural Gas

    Property Features

    Airport Less Than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Sub Type Mixed UseOfficeOther County Highway Less Than 5 Miles County Taxes 375.30 Electric Provider Duke Progress Energy Federal Flood Ins Avlbl Yes Fuel Tank None Hoa Amenities No Amenities Hoa YN No Interstate Less Than 5 Miles Lease Types See Remarks New Construction No Port Less Than 5 Miles Possession At Closing Property Taxes 793.21 Rail Less Than 5 Miles Sale Lease Includes BuildingsLand Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider Cape Fear Public Utility Authority State Highway Less Than 5 Miles Stipulation Of Sale None Tax Year 2020 Terms 1031 ExchangeCashConventional Water Provider Cape Fear Public Utility Authority Water Sewer Municipal SewerMunicipal Water Zoning Umx



    Listing information © 2021 NCRMLS
    Listing provided courtesy of Jeffrey G Hovis of Intracoastal Realty Corp.


    © 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-03-06T23:55:35.117.
     
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