Skip to main content

Vacant Building

Downtown Greensboro Historic Redevelopment

314 S Elm St, Greensboro, NC 27401

Listing Price: $2,550,000

Number of Units
2
Gross SF
25,888
Price/Gross SF
$98.50

Investment Overview

Historic store front four story property on Greensboro's most historic street. Development plans have already been completed at an expense of $80,000 and can be used by the purchaser/developer. Plans are for first level retail and restaurant with the above floors developed as eighteen apartment units. Proforma gross revenue once completed is estimated at $426,000 per year. The historic property is subject to a 20% tax credit for both federal and state for cost of redevelopment.

Investment Highlights

  • Four Story Historic Property Suitable for Retail and Multifamily Use
  • Subject to Significant Tax Credits for Redevelopment
  • Thriving Downtown Redevelopment Underway

Exclusively Listed By

Vacant Building

Downtown Greensboro Historic Redevelopment

Listing Price: $2,550,000

Number of Units
2
Gross SF
25,888
Price/Gross SF
$98.50

Investment Highlights

  • Four Story Historic Property Suitable for Retail and Multifamily Use
  • Subject to Significant Tax Credits for Redevelopment
  • Thriving Downtown Redevelopment Underway

Investment Overview

Historic store front four story property on Greensboro's most historic street. Development plans have already been completed at an expense of $80,000 and can be used by the purchaser/developer. Plans are for first level retail and restaurant with the above floors developed as eighteen apartment units. Proforma gross revenue once completed is estimated at $426,000 per year. The historic property is subject to a 20% tax credit for both federal and state for cost of redevelopment.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower