Vacant Building
Downtown Greensboro Historic Redevelopment
314 S Elm St, Greensboro, NC 27401
Listing Price: $2,550,000
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
Listing Price: $2,550,000
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
