818 S 5th Avenue

Wilmington, NC 28401

About this property

This fully entitled development site presents a rare opportunity to move directly into construction. Plans have been completed for a mixed-use building consisting of 10 residential units and 1 commercial space, allowing for a well-balanced income stream. The property has already undergone significant pre-development work, including completed site clearing and grading, installed utilities, and paid tree mitigation fees. With an active building permit in place, this offering significantly reduces timeline risk and carrying costs, positioning it as a highly efficient and shovel-ready investment.

About this property

This fully entitled development site presents a rare opportunity to move directly into construction. Plans have been completed for a mixed-use building consisting of 10 residential units and 1 commercial space, allowing for a well-balanced income stream. The property has already undergone significant pre-development work, including completed site clearing and grading, installed utilities, and paid tree mitigation fees. With an active building permit in place, this offering significantly reduces timeline risk and carrying costs, positioning it as a highly efficient and shovel-ready investment.

Features and Additional Information

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$600,000 Active
0 sqft

Presented By Coldwell Banker Commercial HPW Select

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Get in touch today! Phone: 1-919-845-3735
Brokerage
Dominion Real Estate Group LLC
1-740-341-8624
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Area Information

| New Hanover County |

$ 600,000
This listing is play_arrow 33.3% higher than the average in the area
$ 450,000 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
126 days on site
This listing is play_arrow 82.6% above the average in the area
69 days on site in the area

Schools in the Area

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    Elementary School
    Other
  • turned_in
    Middle School
  • turned_in
    High School
    New Hanover

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Listed By Seth D Huntt
Brokerage: Dominion Real Estate Group LLC

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