Rare opportunity to own a highly versatile UMX-zoned property in Wilmington's rapidly growing urban core. Ideally positioned minutes from Downtown Wilmington and the Cargo District, Cargo District 1120 Dawson sits on nearly 0.40 fully fenced acres on a prominent corner lot, offering exceptional flexibility for an owner-user, investor, entrepreneur, or redevelopment-minded buyer. Initially a mechanic shop then later a church, and currently configured as a residential-style structure, the property offers endless potential for a contractor shop, warehouse, workshop, studio, creative office, live/work concept, service-based business, or unique investment opportunity. Extensive infrastructure upgrades and improvements have already been completed, including all new electrical throughout the building with updated panels and wiring, new plumbing above and below ground, new insulation/drywall, and LED lighting throughout. The building is equipped with 2 HVACs, including a 5-ton Goodman system installed in 2023, complemented by a powerful 200,000 BTU gas heater for efficient climate control. Built with durability and functionality in mind, the structure features metal stud framing, reinforced heavy-duty beam construction, and a garage built with 1/4-inch steel. Additional highlights include cement floors downstairs, a 15x15 insulated roll-up garage door with remote and chain operation, recessed lighting on the first floor, 20-amp outlets throughout, a 100-amp exterior junction box for additional buildings or expansion potential, and natural gas service already in place. The property also includes two fully renovated bathrooms completed approximately three years ago with custom showers, a 2021 tankless water heater, updated ceiling panels, and an updated roof approximately 5-6 years old. Outside, the expansive fully fenced lot provides ample room for parking, equipment storage, outdoor workspace, additional structures, or future improvements subject to approvals. Offering a rare combination of infrastructure, flexibility, accessibility, and redevelopment potential, 1120 Dawson presents a true blank canvas in one of Wilmington's most active growth corridors. Some photos have been digitally altered by removing furnishings/items to better showcase the space/layout potential.
Natural Gas Available, Sewer Connected, Water Available
WATER SOURCE
Community Water
Year Built
1970
Basement
None
FOUNDATION
Slab
Roof
Shingle
Parking Features
Garage Faces Rear, Unpaved, Off Street
Fence
Full, Back Yard, Wood, Fenced, Front Yard
Lot Features
Front Yard, Corner Lot, Irregular Lot
View
See Remarks
CITY
Wilmington
SUBDIVISION
Not In Subdivision
COUNTY
New Hanover
STATE
NC
LATEST UPDATE
2026-05-27T01:15:26.320Z
DAYS ON MARKET
10
PRICE CHANGE(S)
$750,000 May 27, 2026
CUMULATIVE DAYS ON MARKET
10
Offered By
1st Class Real Estate Coastal Choice
Property Details
Property TypeResidential
StatusActive
Bedrooms2
Bathrooms (Full)2
Property Sub TypeSingle Family Residence
Square Feet2,309
MLS #100575136
FlooringLVT/LVP, Concrete
LAUNDRY FEATURESDryer Hookup, Washer Hookup
HeatingElectric, Heat Pump
CoolingCentral Air, Wall/Window Unit(s)
Utility FeaturesNatural Gas Available, Sewer Connected, Water Available
WATER SOURCECommunity Water
Year Built1970
BasementNone
FOUNDATIONSlab
RoofShingle
Parking FeaturesGarage Faces Rear, Unpaved, Off Street
FenceFull, Back Yard, Wood, Fenced, Front Yard
Lot FeaturesFront Yard, Corner Lot, Irregular Lot
ViewSee Remarks
CITYWilmington
SUBDIVISIONNot In Subdivision
COUNTYNew Hanover
STATENC
LATEST UPDATE2026-05-27T01:15:26.320Z
DAYS ON MARKET10
PRICE CHANGE(S)
$750,000 May 27, 2026
CUMULATIVE DAYS ON MARKET10
Market Trends
New Properties On Market
103
115%
Increase In New Listings
Average Asking Price
$385,114
$248,346 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$330
$105 Decrease In List Price/Sq. Ft.
Average Days On Market
34
4 Day
Increase In Days On Market
Data as of Jun 01, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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