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- LoopNet Team
1316 S 5th Ave
Wilmington, NC 28401
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Great investment property in growth area
- Property located very close to Greenfield Lake and Greenfield Street
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Service | Year Built/Renovated | 1984/2009 |
| Building Class | C | Parking Ratio | 2.55/1,000 SF |
| Lot Size | 0.41 AC | Clear Ceiling Height | 12’6” |
| Rentable Building Area | 7,445 SF | ||
| Zoning | UMX - UMX- allows many uses. https://wilmington.granicus.com/MetaViewer.php?view_id=23&clip_id=4494&meta_id=164344 | ||
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 7,445 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2009 |
| Parking Ratio | 2.55/1,000 SF |
| Clear Ceiling Height | 12’6” |
| Zoning | UMX - UMX- allows many uses. https://wilmington.granicus.com/MetaViewer.php?view_id=23&clip_id=4494&meta_id=164344 |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
ABOUT 1316 S 5TH AVE , WILMINGTON, NC 28401
Building consist of 3 units. Unit A (front unit)- 4156 s/f was last used as a gym. Has side sliding door. Unit B(rear unit)- 1904 s/f used by relative for storage. Has back sliding door. Unit C- 855 s/f used as art studio. Corner lot. 19 parking spaces. The City of Wilmington has started a major rehabilitation project on 5th Ave. to include new water & sewer lines, improve storm drains, improved sidewalk and repaving of street which will include a adding a bike lane. Unit A space is vacant. Rent potential $50,000-58,184 Unit B used as storage. Rent potential $22,812-26,656.Total potential: $84,000-96,000.
PROPERTY TAXES
| Parcel Number | R05413-039-002-000 | Improvements Assessment | $556,500 |
| Land Assessment | $126,500 | Total Assessment | $683,000 |
PROPERTY TAXES
