INNOVATE Real Estate
Improved at 711 N 5th Avenue, Wilmington, NC 28401
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$3,995,000

711 N 5th Avenue, Wilmington, NC 28401
Wilmington, NC 28401
Listed by Sarah W DeVries · Intracoastal Realty Corporation
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1969

About this home

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.

Property details

MLS
Hive MLS
MLS #
100568713
Property type
Improved
Subdivision
Other
Status
Active
Days on market
189
On market date
April 22, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
25
Lot size
0.94 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
A H Snipes Academy of Arts/Des
1.43 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
391
Student:teacher ratio
10.6:1
District
New Hanover County Schools
Middle
Williston Middle
1.07 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
1.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
698
Student:teacher ratio
12.7:1
District
New Hanover County Schools
High
Isaac M Bear Early College High School
3.97 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
230
Student:teacher ratio
23.0:1
District
New Hanover County Schools

Walkability

Blended score for Wilmington's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

82
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable

Market position

How this listing compares to current activity in Wilmington, from live MLS data.

On the market 189 days -- 89 more days than Wilmington's current average of 100 days.
For reference, the median list price across 1,428 active listings in Wilmington right now is $419,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$24,208/mo
$799,000 down
$3,196,000 loan
Principal & interest$20,729
Property tax (est.)$3,329
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.