5018 Oleander Drive, Wilmington, NC 28403 (MLS# 100516272)
5018 Oleander Drive, Wilmington, NC 28403
$979,000
Property Type:
Comm Sale or Lease
Square Footage:
3,808
Lot Size (sq. ft.):
19,994
Status:
Active
Current Price:
$979,000
List Date:
6/27/2025
Last Modified:
7/04/2025
Description
Unique Opportunity in Midtown Wilmington. Discover a rare commercial mixed-use property located in the heart of Midtown Wilmington. This offering includes two buildings totaling approximately 3,800 square feet, ideally situated on nearly half an acre along the high-visibility Oleander Drive corridor.
Positioned within the RO (Residential Office) zoning district, the property allows for a wide range of both residential and commercial uses—making it perfect for entrepreneurs, investors, or those seeking a live/work environment.
The buildings have recently undergone a comprehensive renovation, featuring a flexible floor plan that can easily adapt to various business or residential needs. The layout and improvements provide excellent potential for office space, a small professional practice, creative studio, or a combination of uses.
Currently owner-occupied, this property offers a unique opportunity for owner-users or as a turnkey investment in one of Wilmington's most central and accessible locations.
More Information MLS# 100516272
Contract Info
Available Date: 2025-06-27
Status: Active
Delayed Marketing?: Yes
Marketing Start Date: 2025-06-27
Sub-Type: Multi Family
Garage: Masterlock
Sale/Lease: Sale
Listing Price: 979000
Current Price: $979,000
List Price/SqFt: 257.09
Stipulation of Sale: Standard
Location Information
Street #: 5018
Street Name: Oleander
Street Suffix: Drive
County: New Hanover
State/Province: NC
Zip Code: 28403
City Limits: Yes
Marketing City: Wilmington
Subdivision: Seagate
Secondary Subdivision: N/A
Geo Lat: 34.208444
Geo Lon: -77.872595
Remarks and Showing
Directions to Property: East on Oleander past long leaf park- property will be on the right.
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 3808
Legal and Taxes
Tax Assessed Value: 537400
Deed Book: 6175
Deed Page: 354
Legal: LOT 48 B Piney Woods
Broker Owner: No
PID: R06108-009-001-000
Tax Identifier: R06108-009-001-000
Total Real Estate Property Taxes: 4675.38
Special Assessments: None
Tax Year: 2024
Year Built: 1954
Zoning: ROD
HOA: No
Cobra Zone: No
Miscellaneous
Current Use: Retail
Current Service Providers
Electric Provider: Duke Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Property Features
Business Type: Mixed; Retail
HOA and Neigh Amenities: Ramp
Attic: None
Basement: None
Exterior Finish: Vinyl Siding
Flooring: Tile; Wood
Foundation: Crawl Space
Fuel Tank: Propane Above Ground
Fuel Tank Ownership: Leased
Parking Features: Dirt; Gravel; Shared Driveway; Unpaved
Roof: Shingle
Lot Description: See Remarks
Location: See Remarks
Lot Water Features: None
Cooling: Heat Pump
Heating: Heat Pump
Heating System Fuel Source: Electric; Propane
Water Heater: Electric
Utilities: Electricity Connected; Phone Available; Water Available
Sewer: Community Sewer
Water Source: Community Water; Public; Public
Terms: 1031 Exchange; Cash; Conventional
Listing Office: Intracoastal Realty Corp
Last Updated: July - 04 - 2025
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