Date
Details
Price
Change
Source
6/23/2026
Listed
$985,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Unique UMX redevelopment opportunity offering over 7,000 square feet across two connected buildings on approximately 0.34 acres, just minutes from Downtown Wilmington. The flexible layout includes warehouse, office, storage, and residential components across two buildings constructed in 1948 and 1991, creating exceptional possibilities for redevelopment, adaptive reuse, investment, or future mixed-use concepts. UMX zoning allows for a variety of commercial and residential uses in one of Wilmington's rapidly evolving growth corridors. Formerly occupied by Cape Fear Graphics, this property presents an opportunity to reimagine a substantial footprint in a prime location.
Full Property Details
Full Property Details for 1405 S 5th Ave
General
- Price: $985,000
- Taxes: $2,895 (2025)
- Status: Active
- Type: Office
- Source: 2253
- MLS ID: 100578856
- Updated: 6/24/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Storage, Professional/Office, Mixed, Retail, Commercia
Interior
- Flooring: Concrete
Additional Information
- Shared Amenities: None
Parking
- Parking Features: Off Street, On Site, Unpaved
Location
- County: New Hanover
- Subdivision: Not In Subdivision
- Driving Directions: Take Market Street toward downtown Wilmington, turn left on S 3rd, turn left on Greenfield Street, turn left on 5th Avenue and property is on the right.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other, Central Air
- Heating Type: Other, Forced Air, Natural Gas
Utilities
- Sewer: Municipal Sewer, Cape Fear Public Utility Authority
- Water: Public
Structural Information
- Structure Type: Steel Frame, Wood Frame
- Construction: Block, Steel Frame, Wood Frame
- Basement Desc.: None
- Roof: Membrane, Metal, Shingle
- Square Feet: 7,015
- Current Bldg. Use: Vacant/storage
- Year Built: 1948
Lot Features
- Lot Size (Acres): 0.34
- Lot Size (Sq. Ft.): 14,892
- Lot Dimensions: 124.1 x 120
- Frontage: Paved, Paved
- Zoning: UMX
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $140.41
- For Sale/Rent/Lease: Sale
- Assessment Amount: $492,000
- Tax Amount: $2,895.42
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Tr A Lot 2-3 Blk 576 City Of Wilmington Recom
- Property ID: R05417-006-004-003
- Block: 11
Listed by RE/MAX Executive, Allison Justice
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Listing agent
— 1405 S 5th Ave —
Allison Justice
RE/MAX Executive
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1405 S 5th Ave
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Annie H Snipes Elementary 2150 Chestnut Street, Wilmington, NC 28405 | K-5 | 1.9 mi |
Myrtle Grove Middle 901 Piner Road, Wilmington, NC 28409 | 6-8 | 6.4 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 1.5 mi |
John T Hoggard High 4305 Shipyard Boulevard, Wilmington, NC 28403 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1405 S 5th Ave
Tax History
Tax History for 1405 S 5th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,895
-2%
$492,000
45%
2024
$2,945
-6%
$338,500
-8%
2023
$3,119
-1%
$369,100
—
2021
$3,159
1%
$369,100
—
2022
$3,137
-1%
$369,100
41%
2021
$3,159
14%
$262,600
—
2017
$2,766
39%
$262,600
46%
2016
$1,989
-28%
$179,500
-32%
2019
$2,766
46%
$262,600
46%
2015
$1,901
5%
$179,500
—
2013
$1,802
—
$179,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1405 S 5th Ave
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- Duplex
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 5Total Baths
- Condo
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
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- Residential Lots
- Active
- Updated 3 days ago
- 0.22Acres
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1405 S 5th Avenue, Wilmington, NC 28401 (MLS# 100578856) is a Office property. 1405 S 5th Avenue is currently listed for $985,000 and was received on June 23, 2026. Want to learn more about 1405 S 5th Avenue? Do you have questions about finding other Office real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.