$539,000

1220 5th Avenue

Wilmington NC, 28401

Description

Unique property located in the Urban Mixed Use zoned area of South 5th Avenue. This property has a number of uses that can generate income. This can also be an owner occupied business/residence. The front unit is 1954 Square Feet in the main floor with 568 Square Feet on the second level loft area that has its own heating and air systems. Floor plan for Unit 1 has flexibility based on the intended use. Unit Two can also be utilized as an office or a residential rental unit. This property has been completely renovated. New roof, new HVAC, New flooring, lighting, electrical, plumbing and all appliances have been upgraded. Located close to the South Front area and is in an area that is seeing growth and much new mixed use development. The flexibility that an UMX zoned property provides, enables a solid investment opportunity. Short Term rentals are permitted in the UMX area. The demand for housing and combination office space is steady. The lot is close to 10,000 square feet and provides space for off street parking and possible storage unit options. Great investment opportunity and is located in a designated opportunity zone.

Details

MLS#100252546
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site87

Features

SQ Feet2,550
Story(s)1
Units2
ZoningUMX
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Area Information
StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$539,000
low | high
Med:
$249,900
100% of Average
SqFt:
2,550
low | high
Med:
1,074
100% of Average
$ / SqFt:
$211
low | high
Med:
$237
38.063258438202% of Average
On Site:
87
low | high
Med:
76.5
100% of Average
Sourced by Back At You
Listing Updated: April 12, 2021 8:44:24 PM PDT
Jeffrey G Hovis LogoMLS Number: 100252546
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp
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