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$985,000

1405 S 5th Avenue, Wilmington, NC 28401
Wilmington, NC 28401
Listed by Allison Justice · RE/MAX Executive
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1948

About this home

Unique UMX redevelopment opportunity offering over 7,000 square feet across two connected buildings on approximately 0.34 acres, just minutes from Downtown Wilmington. The flexible layout includes warehouse, office, storage, and residential components across two buildings constructed in 1948 and 1991, creating exceptional possibilities for redevelopment, adaptive reuse, investment, or future mixed-use concepts. UMX zoning allows for a variety of commercial and residential uses in one of Wilmington's rapidly evolving growth corridors. Formerly occupied by Cape Fear Graphics, this property presents an opportunity to reimagine a substantial footprint in a prime location.

Property details

MLS #
100578856
Property type
Warehouse
Subdivision
Not In Subdivision
Status
Active
Days on market
107
On market date
June 23, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.34 acres
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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Dr John Codington Elem
3.78 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
454
Student:teacher ratio
15.1:1
District
New Hanover County Schools
Middle
Myrtle Grove Middle
6.42 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
715
Student:teacher ratio
15.9:1
District
New Hanover County Schools
High
Eugene Ashley High
8.26 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
2.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,931
Student:teacher ratio
18.2:1
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.

96
Highly walkable
out of 100
EPA National Walkability Index
19.2 / 20 -- Most walkable

Mortgage calculator

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Est. monthly payment
$6,082/mo
$197,000 down
$788,000 loan
Principal & interest$5,111
Property tax (est.)$821
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 19, 2026.

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.