1403 5Th Ave Wilmington, NC 28401

This exceptional 0.97-acre parcel in Wilmington, North Carolina, presents a unique opportunity for mixed-use development. Located at 1403 S 5th Ave, in New Hanover County, zip code 28401 (34.2178547, -77.9407796), this commercially zoned property boasts UMX zoning, allowing for a variety of uses. A concept plan suggests the potential for a significant development, including approximately 69 multi-family units, 70 parking spaces, and one retail space, aligning with zoning requirements. The strategic location directly across from the planned Seaboard Social Hall offers exceptional visibility and access to amenities. The asking price is $875,000. This land is ideal for developers seeking a prime location with high development potential in a thriving North Carolina market. The property's versatility and prime location make it an attractive investment for those seeking a high-return opportunity. The 0.97-acre lot size provides ample space for a substantial project, while the UMX zoning ensures flexibility in development plans. This is a rare chance to acquire a significant piece of land in a rapidly growing area. Serious inquiries are encouraged.