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$3,995,000 -$405,000 (-9.2%) Price Reduced

  • For Sale
  • Active
  • Warehouse
  • 12,652.5 Sq. Ft.
  • 25 Parking Spaces
  • 0.94 Acres
  • Updated 6 days ago
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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.

Full Property Details for 711 N 5th Ave

General

  • Price: $3,995,000
  • Taxes: $15,943 (2025)
  • Status: Active
  • Type: Warehouse
  • Source: 2253
  • MLS ID: 100568713
  • Updated: 7/31/2026
  • Added to Site: 106 day(s) ago

Business

  • Business Type: Storage, Mixed, Manufacturing, Unimproved, Commercial,

Rental Information

  • Lease Info: See Remarks

Interior

  • Flooring: Concrete

Additional Information

  • Shared Amenities: None

Parking

  • Parking Features: Private, Parking Lot, Additional Parking, Unpaved, Off Street, On Site, Paved

Location

  • County: New Hanover
  • Subdivision: Other
  • Driving Directions: 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.

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Heat Pump
  • Heating Type: Heat Pump, Electric, Forced Air

Utilities

  • Sewer: Municipal Sewer, Cape Fear Public Utility Authority
  • Water: Public
  • Utility Description: Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Structure Type: Steel Frame
  • Construction: Block, Concrete, Brick, Steel Frame
  • Basement Desc.: None
  • Roof: Flat
  • Ceiling Type: 20
  • Square Feet: 12,652.5
  • Current Bldg. Use: Other, Retail, Office, Commercial, Industrial, Showroom, See Remarks, Arts Studio
  • Year Built: 1969

Lot Features

  • Lot Size (Acres): 0.94
  • Lot Size (Sq. Ft.): 40,946
  • Lot Dimensions: See E x hibit A- Property Description
  • Frontage: City Street, State Road, 2 - 3 Lanes, Asphalt, Interstate in 5 Miles, Maintained
  • Lot Features: Open Lot, Level, See Remarks, Cleared, Undeveloped
  • Zoning: CBD

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $315.75
  • For Sale/Rent/Lease: Sale
  • Assessment Amount: $2,497,000
  • Tax Amount: $15,943.36
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: 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
  • Property ID: R04813-014-027-000
  • Lot Number: See Exhibit A

Listed by Intracoastal Realty Corporation, Sarah W DeVries and Intracoastal Realty Corporation, Jeffrey G Hovis

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Listing agents

— 711 N 5th Ave —

  • Sarah W DeVries

    Intracoastal Realty Corporation

  • Jeffrey G Hovis

    Intracoastal Realty Corporation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 711 N 5th Ave

School District:New Hanover County Schools
NameGradesDistance
Annie H Snipes Elementary
2150 Chestnut Street, Wilmington, NC 28405
K-51.4 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-81 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-120.8 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 711 N 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/31/2026
Price Reduced
$3,995,000
-9.2%
MLS
4/22/2026
Listed
$4,400,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 711 N 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$1,170,000
81%
2024
100%
$646,300
—
2023
-100%
$646,300
—
2021
$5,885
—
$646,300
—
2022
$5,912
—
$646,300
-9%
2021
$5,885
-26%
$707,400
—
2019
$7,947
—
$707,400
—
2017
$7,947
9%
$707,400
7%
2016
$7,309
5%
$659,700
—
2015
$6,986
5%
$659,700
—
2013
$6,623
—
$659,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Intracoastal Realty Corporation, Sarah W DeVries and Intracoastal Realty Corporation, Jeffrey G Hovis

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711 N 5th Avenue, Wilmington, NC 28401 (MLS# 100568713) is a Warehouse property. 711 N 5th Avenue is currently listed for $3,995,000 and was received on April 22, 2026. Want to learn more about 711 N 5th Avenue? Do you have questions about finding other Warehouse real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

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