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711 N 5th Avenue Wilmington, NC $ 4,400,000
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$ 4,400,000 Get more info
711 N 5th Avenue
$ 4,400,000
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Share Save

711 N 5th Avenue

Wilmington, NC, 28401
$ 4,400,000
Bedrooms-- Baths-- Sq 12,652
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Property for Rent in Wilmington, NC

for $4,400,000. This 12,652 square foot property was built in 1969 on a lot size of 0.94.

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.

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Rental Active

Price

$ 4,400,000

Taxes

$ 15,943

Style

Improved

Lot Size

0.94

Year Built

1969

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100568713
Features
General
Heating Heat Pump Electric Forced Air
Cooling Central Air Heat Pump
Utilities Electricity Connected Sewer Connected2 Water Connected3
Possession Close Of Escrow Subject To Tenant Rights At Closing
Roof Flat
Zoning CBD
Construction Materials Block Concrete Brick Steel Frame
Year Built 1969
Property Subtype Improved
Tax Year 2025
Current Use Other Retail Office Commercial Industrial2 Office2 Showroom Other8 See Remarks59 Arts Studio
Taxes 15943.36
Location Cent Business District
Parcel Number R04813-014-027-000
Business Type Storage Mixed Manufacturing Unimproved Commercial Wholesale Warehouse Industrial
Waterfront Features None
County New Hanover
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) Y
Association Amenities None
HOA N
Attached Garage N
Subdivision Name Other
Garage Y/N N
Status Active
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.
City Wilmington
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 40946.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Availability Date 2026-04-22
Structure Type Steel Frame
Lease Type See Remarks
Standard Status Active
Tax Assessed Value 2497000
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
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Interior
Basement None
Flooring Concrete
Water Heater Electric
Ceiling Height 20
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Attic Features None
Total Baths 0
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Exterior
Exterior Finish Brick
Parking Features Private Parking Lot Additional Parking Unpaved Off Street On Site Paved
Lot Features Open Lot Level See Remarks Cleared2 Undeveloped2
Water Source Public
Total Parking 25.0
Lot Size Area 0.94
Foundation Details Slab
Spa N
Building Area Total 12652.5
Lot Dimensions See Exhibit A- Property Description
Lot Size Acres 0.94
Waterfront Y/N N
Road Frontage Type City Street State Road 2 - 3 Lanes Asphalt2 Interstate in 5 Miles Maintained
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 711
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* Excluded Features
List By
Sarah W De Vries

Listing Agent

Intracoastal Realty Corporation

Broker

swdevries@intracoastalrealty.com

Email

Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/22/2026$4,400,000 Listed Price

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711 N 5th Avenue, Wilmington, NC, 28401 is a Property for Rent at $4,400,000 with 12,652 sqft and a lot size of 0.94. 711 N 5th Avenue was built in 1969. The property's zip code is 28401 which is in Wilmington, NC

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