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1316 S 5th Ave

7,445 SF 30% Leased Industrial Building Wilmington, NC 28401 £894,703 (£120/SF) 5.44% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Great investment with expected growth possibilities.

Property located very close to Greenfield Lake and Greenfield Street.

EXECUTIVE SUMMARY

Great investment property in up and coming area. Lots of growth happening in this general area! Zone A - 4156 s/f wall-wall - has side access sliding door as well as front entryway. Zone B- 1904 s/f wall-wall - has sliding access door in rear as well as door entryway. Zone C -855 s/f wall-wall. 7445 total s/f. See floor plan. Bathrooms and office area in all 3 units. Property located on corner lot with lots of parking- 19 spots.

PROPERTY FACTS

Price	£894,703	Building Class	C
Price Per SF	£120	Lot Size	0.41 AC
Sale Type	Investment or Owner User	Rentable Building Area	7,445 SF
Net Initial Yield	5.44%	Number of Floors	1
Sale Condition	Business Value Included	Year Built/Renovated	1984/2009
Property Type	Industrial	Parking Ratio	2.55/1,000 SF
Property Subtype	Service	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£894,703
Price Per SF	£120
Sale Type	Investment or Owner User
Net Initial Yield	5.44%
Sale Condition	Business Value Included
Property Type	Industrial
Property Subtype	Service
Building Class	C
Lot Size	0.41 AC
Rentable Building Area	7,445 SF
Number of Floors	1
Year Built/Renovated	1984/2009
Parking Ratio	2.55/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

Floor Drains

Signage

Air Conditioning

ABOUT 1316 S 5TH AVE , WILMINGTON, NC 28401

Building consist of 3 units. Unit A (front unit)- 4156 s/f currently used as a gym. Has side sliding door. Unit B(rear unit)- 1904 s/f used by relative for storage. Has back sliding door. Unit C- 855 s/f used as art studio. Corner lot. 19 parking spaces. The City of Wilmington has started a major rehabilitation project on 5th Ave. to include new water & sewer lines, improve storm drains, improved sidewalk and repaving of street which will include a adding a bike lane.

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Bike Score®

Very Bikeable (87)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	R05413-039-002-000	Improvements Assessment	£319,946
Land Assessment	£38,015	Total Assessment	£357,961

PROPERTY TAXES

Parcel Number

R05413-039-002-000

Land Assessment

£38,015

Improvements Assessment

£319,946

Total Assessment

£357,961

ZONING

Zoning Code	UMX (UMX- allows many uses. https://wilmington.granicus.com/MetaViewer.php?view_id=23&clip_id=4494&meta_id=164344)
UMX (UMX- allows many uses. https://wilmington.granicus.com/MetaViewer.php?view_id=23&clip_id=4494&meta_id=164344)