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714 N 4th Street, Wilmington, NC 28401

$4,400,000

Property Type: Land Lot Size (sq. ft.): 40,946 Status: Active

Current Price: $4,400,000 List Date: 4/22/2026 Last Modified: 4/22/2026

Overview

Description

Rare multi-parcel offering in Wilmington's sought-after Brooklyn Arts District. This ±0.94-acre, centrally located property is zoned Central Business District (CBD) and sits in the heart of Downtown Wilmington. The assemblage includes five contiguous parcels spanning N. 4th Street to N. 5th Avenue--an increasingly rare opportunity to secure through-block connectivity in this rapidly evolving area. The site currently features a ±12,000 sq. ft. industrial warehouse and is home to ACME Art Studios, a well-established creative hub. Positioned within the CBD, the property is ideally suited for infill redevelopment aligned with the city's vision for a dense, walkable, mixed-use urban core. Zoning allows for building heights up to 70 feet with no required setbacks, offering flexibility for a range of development concepts including residential, live/work, or mixed-use projects. Surrounded by ongoing revitalization, thriving local businesses, and cultural destinations, this site repr ... (Read more)

Listing Details MLS# 100568706

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2026-04-22
Sub-Type: Mixed Use
Listing Price: 4400000
List Price/Acre: 4680851.06
Stipulation of Sale: Standard

Location Information

Street #: 714
Pre Direction: N
Street Name: 4th
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Brooklyn
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: From downtown take N 3rd street, turn left on Red Cross, turn left on N 4th Street and property is on the right side.
Sign on Property: Yes

Property Exterior Info

Acres - Total: 0.94
Acres - Wooded: 1800
Lot Dimensions: Irregular
Lot SqFt: 40946
Deed Restriction: No
Total Road Frontage: 229
Waterfront: No
Waterview: No
Location Type: Mainland
Horses Y/N: No

Legal and Taxes

Tax Assessed Value: 2327000
Total City Real Estate Property Tax: 764.63
Deed Book: 1582
Deed Page: 632
Legal: See Exhibit A
Broker Owner: No
PID: R04813014002000
Tax Identifier: R04813-014-003-000
Total Real Estate Property Taxes: 1513.04
Special Assessments: none
Tax Year: 2025
Zoning: CBD
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Plat Book: No
Plat Page: No

Current Service Providers

Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority

More Information

Current Use

Commercial: Yes
Retail: Yes
See Remarks: Yes

Bldgs on Property

Outbuilding: Yes
See Remarks: Yes

Soil Evaluation

Soil Evaluation - No: Yes

Frontage Type

See Remarks: Yes

Topography

See Remarks: Yes

Lot Water Features

None: Yes

Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Fencing

Chain Link: Yes

Fuel Tank

None: Yes

Other Equipment

None: Yes

Environmental Hazard

Unknown: Yes

Lot Description

See Remarks: Yes

Road Type/Frontage

Paved: Yes
Public (City/Cty/St): Yes

Utilities

Electricity Available: Yes
Sewer Connected: Yes
Utility Easement: Yes
Water Connected: Yes

Sewer

Municipal Sewer: Yes

Water Source

Municipal Water: Yes

Property Features

Current Use: Commercial; Retail; See Remarks Bldgs on Property: Outbuilding; See Remarks Soil Evaluation: Soil Evaluation - No Frontage Type: See Remarks Topography: See Remarks Fencing: Chain Link Fuel Tank: None Other Equipment: None Environmental Hazard: Unknown Utilities: Electricity Available; Sewer Connected; Utility Easement; Water Connected Sewer: Municipal Sewer Water Source: Municipal Water Lot Water Features: None Terms: 1031 Exchange; Cash; Conventional

IDX

Listing Office: Intracoastal Realty Corporation

Last Updated: April - 22 - 2026

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