Date
Details
Price
Change
Source
4/22/2026
Listed
$4,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$4,400,000
Property 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.
Full Property Details
Full Property Details for 711 N 5th Ave
General
- Price: $4,400,000
- Taxes: $15,943 (2025)
- Status: Active
- Type: Warehouse
- Source: 2253
- MLS ID: 100568713
- Updated: 5/13/2026
- Added to Site: 24 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 Connected2, Water Connected3
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, Industrial2, Office2, Showroom, Other8, See Remarks59, 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, Asphalt2, Interstate in 5 Miles, Maintained
- Lot Features: Open Lot, Level, See Remarks, Cleared2, Undeveloped2
- Zoning: CBD
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $347.76
- 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 De Vries and Intracoastal Realty Corporation, Jeffrey G Hovis
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Listing agents
— 711 N 5th Ave —
Sarah W De Vries
Intracoastal Realty Corporation
Jeffrey G Hovis
Intracoastal Realty Corporation
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 711 N 5th Ave
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Annie H Snipes Elementary 2150 Chestnut Street, Wilmington, NC 28405 | K-5 | 1.4 mi |
Williston Middle 401 South 10th Street, Wilmington, NC 28401 | 6-8 | 1 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 0.8 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
Tax History
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
—
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 711 N 5th Ave
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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 $4,400,000 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 Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.