$3,995,000
Wilmington, NC 28401
MLS# 100568713
12652.5 sqft
1 / 16
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.
Details
Maps
Location Information
Street #: 711
Pre Direction: N
Street Name: 5th
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Other
Secondary Subdivision: N/A
Geo Lat: 34.24384
Geo Lon: -77.944693
Contract Info
Available Date: 2026-04-22
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2026-04-22
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Listing Price: 3995000
Current Price: $3,995,000
List Price/SqFt: 315.75
Stipulation of Sale: Standard
Remarks and Showing
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.
Sign on Property: Yes
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
Year Built: 1969
Zoning: CBD
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: No
Miscellaneous
Ceiling Height: 20
Current Use: Arts Studio
Current Service Providers
Trash Provider: GFL Environmental
Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Financial Info
Operating Expense: 18791.04
Real Estate Taxes: 15943.36
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
IDX
Listing Office: Intracoastal Realty Corporation
Last Updated: August - 29 - 2026
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