Wilmington, NC 28401 711 N 5th Avenue
$4,400,000
32 more
Presented By: Sarah W De Vries with Intracoastal Realty Corporation.
SQFT • 12,652
Garage • 25
Home Details
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.
Presented By: Sarah W De Vries with Intracoastal Realty Corporation.
Interior Features for 711 N 5th Avenue
Bathrooms
Total Baths
Other Interior Features
SmokingYNNo
Air Conditioning Y/NYes
Attic FeaturesNone
BasementNone
Basement (Y/N)No
Ceiling Height20
Fireplace Y/NNo
FlooringConcrete
Heating Y/NYes
Water HeaterElectric
General for 711 N 5th Avenue
Association AmenitiesNone
Attached Garage No
Availability Date2026-04-22
Business TypeStorage, Mixed, Manufacturing, Unimproved, Commercial, Wholesale, Warehouse, Industrial
Carport Y/NNo
CityWilmington
Construction MaterialsBlock, Concrete, Brick, Steel Frame
CoolingCentral Air, Heat Pump
CountyNew Hanover
Current UseOther, Retail, Office, Commercial, Industrial2, Office2, Showroom, Other8, See Remarks59, Arts Studio
DirectionsTake 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.
Garage Y/NNo
HOANo
HeatingHeat Pump, Electric, Forced Air
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
IslandOrMainlandMainland
Land Lease Y/NNo
Lease Considered Y/NNo
Lease TypeSee Remarks
Legal DescriptionPt 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
LocationCent Business District
Lot Size Square Feet40946.0
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total2
Parcel NumberR04813-014-027-000
PossessionClose Of Escrow, Subject To Tenant Rights, At Closing
Property Attached Y/NNo
Property SubtypeImproved
Property TypeCommercial Sale
RoofFlat
Standard StatusActive
StatusActive
Structure TypeSteel Frame
Subdivision NameOther
Tax Assessed Value2497000
Tax Year2025
Taxes$15,943
UtilitiesElectricity Connected, Sewer Connected2, Water Connected3
Waterfront FeaturesNone
Year Built1969
ZoningCBD
Exterior for 711 N 5th Avenue
Building Area Total12652.5
Crops Included Y/NNo
Exterior FinishBrick
Foundation DetailsSlab
Horse Y/NNo
Lot DimensionsSee Exhibit A- Property Description
Lot FeaturesOpen Lot, Level, See Remarks, Cleared2, Undeveloped2
Lot Size Acres0.94
Lot Size Area0.94
Parking FeaturesPrivate, Parking Lot, Additional Parking, Unpaved, Off Street, On Site, Paved
Road Frontage TypeCity Street, State Road, 2 - 3 Lanes, Asphalt2, Interstate in 5 Miles, Maintained
SpaNo
Total Parking25.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Ammie Archer
Broker