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1051-1057 Grecade St 7,066 SF Flex Building Greensboro, NC 27408 $1,395,000 ($197.42/SF)

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EXECUTIVE SUMMARY

CoStar has a maximum Square Footage as 6,084sf however plans designed for the space shows 7066 +/- square Feet.
1051-1057 Grecade was previously used for LI (light industrial) purposes. The new owners purchased the property and completed a demolition of all the interior in late 2023 and at the same time completed a new roof and asphalt parking in the Summer of 2023. Great exposure from Battleground Avenue this location is perfect for a Restaurant, Bar, Retail or even office. This property is For Sale or For Lease and Landlords are will to subdivide.
Location is the number one value to this property, located between two of the most traveled street in Greensboro ( Wendover Ave & Battleground Ave or Hwy 220 North). Lots of option for the use of this space. Surrounded by Breweries and Dining any retail would be a nice addition. Grecade Street also hosts a number of Office buildings and Medical Spaces on the North end so anything is possible for this highly visible location.

PROPERTY FACTS Under Contract

Price $1,395,000
Price Per SF $197.42
Sale Type Investment or Owner User
Sale Condition Building in Shell Condition
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Bar
  • General Retail Restaurant
  • Office Medical
Building Class C
Lot Size 0.35 AC
Construction Status Under Renovation
Rentable Building Area 7,066 SF
No. Stories 1
Year Built/Renovated 1960/2026
Tenancy Single
Parking Ratio 3.54/1,000 SF
Clear Ceiling Height 10’
Zoning LI - Light Industrial

AMENITIES

  • Bus Line
  • Restaurant
  • Signage

UTILITIES

  • Gas - Natural
  • Water - City
  • Sewer - City

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0006658
Land Assessment
$150,500
Improvements Assessment
$702,800
Total Assessment
$853,300
  • Listing ID: 31584768

  • Date on Market: 4/23/2024

  • Last Updated:

  • Address: 1051-1057 Grecade St, Greensboro, NC 27408

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