711 N 5th Avenue, Wilmington, NC 28401
New Listing
$4,400,000
Property Type:
Comm Sale or Lease
Square Footage:
12,653
Lot Size (sq. ft.):
40,946
Status:
Active
Current Price:
$4,400,000
List Date:
4/22/2026
Last Modified:
4/24/2026
Description
Rare multi-parcel offering in Wilmington's Brooklyn Arts District. This 0.94 acre with 12,000 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.
More Information MLS# 100568713
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 711
Pre Direction: N
Street Name: 5th
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Other
Geo Lat: 34.24384
Geo Lon: -77.944693
Building/Ext Features
ud_i_07: 230
# of Parking Spaces: 25
# of Units: 2
Fireplace Y/N: No
Lot Acres: 0.94
Lot SqFt: 40946
Lot Dimensions: See Exhibit A- Property Description
SqFt - Total Available: 12652.5
Location Type: Mainland
Contract Info
Available Date: 2026-04-22
Delayed Marketing?: No
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
List Price/SqFt: 347.76
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2026-04-22
Listing Price: 4400000
Current Price: $4,400,000
Remarks and Showing
Sign on Property: Yes
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.
Building Info
New Construction: No
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
Zoning: CBD
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: No
Year Built: 1969
Showing Instructions
24 Hour Notice: 1
Business Type
Industrial: 1
Manufacturing: 1
Mixed: 1
Storage: 1
Unimproved: 1
Warehouse: 1
Commercial: 1
Wholesale: 1
Current Use
Commercial: 1
Industrial: 1
Office: 1
Retail: 1
Showroom: 1
Other: 1
See Remarks: 1
Miscellaneous
Ceiling Height: 20
Current Use: Arts Studio
HOA and Neigh Amenities
No Amenities: 1
Attic
None: 1
Basement
None: 1
C & I Features
Delivery Door: 1
Drive In Door: 1
Fire Alarm: 1
Lighting: 1
Overhead Doors: 1
Security Fence: 1
Skylights: 1
Storage Inside: 1
Storage Outside: 1
Handicap Accessible
Accessible Entrance: 1
Common Area: 1
Visitable: 1
Development Status
Finished Lot(s): 1
Raw Land: 1
Construction
Block: 1
Concrete: 1
Steel Frame: 1
Structure Type
Flex: 1
Industrial: 1
Office: 1
Retail: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Trash Provider: GFL Environmental
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
Brick: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Foundation
Slab: 1
Flooring
Concrete: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Additional Parking: 1
Dirt: 1
Off Street: 1
On Site: 1
Parking Lot: 1
Paved: 1
Private: 1
Unpaved: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Roof
Flat: 1
Lot Description
Level: 1
Open Lot: 1
Cleared: 1
Undeveloped: 1
Road Type/Frontage
2 - 3 Lanes: 1
Asphalt: 1
Interstate in 5 Miles: 1
Maintained: 1
Public (City/Cty/St): 1
Road/Trans Access
Airport: Less than 5 Miles
County Highway: Less than 5 Miles
Interstate: Less than 5 Miles
Port: Less than 5 Miles
Rail: 6 - 10 Miles
State Highway: Less than 5 Miles
Cooling
Central Air: 1
Heat Pump: 1
Other Structures
Outbuilding: 1
Shed(s): 1
Storage: 1
Workshop: 1
Land Details
Available: 1
Location
Cent Business District: 1
Heating
Forced Air: 1
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
Financial Info
Operating Expense: 18791.04
Real Estate Taxes: 15943.36
Lease Types
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 12652.5
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
Listing Office:
Intracoastal Realty Corporation
IDX
Last Updated: April - 24 - 2026
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