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711 N 5th Avenue, Wilmington, NC 28401

$3,995,000
Property Type: Comm Sale or Lease Square Footage: 12,653 Lot Size (sq. ft.): 40,946 Status: Active
Current Price: $3,995,000 List Date: 4/22/2026 Last Modified: 11/06/2026

Overview

Description

Rare multi-parcel offering in Wilmington's Brooklyn Arts District. This 0.94 acre with 12,650 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.

Listing Details MLS# 100568713

Contract Info

Available Date
2026-04-22
Delayed Marketing?
No
Marketing Start Date
2026-04-22
Sub-Type
Improved
Garage
N/A
Space
Yes
Sale/Lease
Sale
Listing Price
3995000
List Price/SqFt
315.75
Stipulation of Sale
Standard

Location Information

Street #
711
Pre Direction
N
Street Name
5th
Street Suffix
Avenue
County
New Hanover
State/Province
NC
Zip Code
28401
City Limits
Yes
Marketing City
Wilmington
Subdivision
Other
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
Take Martin Luther King Pkwy. and continue on to Third St. Turn left onto Brunswick St. then turn right onto Fifth Ave. ACME Art is on the right.
Sign on Property
Yes

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
12652.5

Legal and Taxes

Tax Assessed Value
2497000
Total City Real Estate Property Tax
8302.53
Deed Book
1582
Deed Page
632
Legal
Pt Lts 4/5 Blk 264 Wilm, Nwm 4 + Pt Nem 4 Blk 264, E 1/2 3 Blk 264, Nw 1/4 3 Blk 264, Sw 1/4 3 Blk 264
Broker Owner
No
PID
R04813-014-027-000
Tax Identifier
R04813-014-027-000
Plat Book
0000
Plat Page
0000
Total Real Estate Property Taxes
15943.36
Special Assessments
Known known at time of Listing
Tax Year
2025
Year Built
1969
Zoning
CBD
HOA
No
Cobra Zone
No
Federal Flood Ins Avlbl
No

More Information

Miscellaneous

Ceiling Height
20
Current Use
Arts Studio

Current Service Providers

Trash Provider
GFL Environmental
Electric Provider
Duke Progress Energy
Sewer Provider
Cape Fear Public Utility Authority
Water Provider
Cape Fear Public Utility Authority

Financial Info

Operating Expense
18791.04
Real Estate Taxes
15943.36

Property Features

Business Type: Industrial; Manufacturing; Mixed; Storage; Unimproved; Warehouse; Commercial; Wholesale Showing Instructions: 24 Hour Notice HOA and Neigh Amenities: No Amenities Attic: None Basement: None Handicap Accessible: Accessible Entrance; Common Area; Visitable Development Status: Finished Lot(s); Raw Land Construction: Block; Concrete; Steel Frame Exterior Finish: Brick Structure Type: Flex; Industrial; Office; Retail Flooring: Concrete Foundation: Slab Fuel Tank: None Green Bldg Features: None Parking Features: Additional Parking; Dirt; Off Street; On Site; Parking Lot; Paved; Private; Unpaved Roof: Flat Lot Description: Cleared; Level; Open Lot; Undeveloped Other Structures: Outbuilding; Shed(s); Storage; Workshop Current Use: Commercial; Industrial; Office; Retail; Showroom; Other; See Remarks Location: Cent Business District Lot Water Features: None Land Details: Available Cooling: Central Air; Heat Pump Heating: Forced Air; Heat Pump Heating System Fuel Source: Electric Water Heater: Electric Utilities: Electricity Connected; Sewer Connected; Water Connected Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Cash; Conventional Lease Types: See Remarks
IDX
Listing Office: Intracoastal Realty Corporation
Last Updated: November - 06 - 2026
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