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2 Pai Park 30,340 SF Office Building Greensboro, NC 27409 $3,500,000 ($115.36/SF)

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Investment Highlights

  • Build to suit
  • 30K SQFT Turn Key for ideal use for owner/ investor
  • Submitted Plans in city for hotel development

Executive Summary

Exceptional Redevelopment Opportunity — 2 Pai Park, Greensboro, NC
Rare, turn-key development site in the PTI Airport/I-40 corridor. This fully-vacant, two-story office building offers 30,340± SF on 3.45± acres with ample surface parking and immediate highway access — a highly visible, well-positioned asset for an owner-user or investor. The interior shell has been opened up and is ready for conversion; an elevator is in place and core infrastructure is on site, significantly reducing redevelopment time and cost. Current owner has submitted plans for hotel use (in review), but the building’s layout and location make it equally well-suited for a medical facility, corporate headquarters, or creative office campus. Located minutes from PTI airport and adjacent to existing hotel, retail and restaurant nodes, 2 Pai Park delivers exceptional access and market demand for hospitality and healthcare uses.
30,340± SF two-story building — flexible floor plates (~15,170 SF per level).
Good parking ratio — ~120 surface spaces (~4/1,000 SF).
Adaptable zoning/uses — currently zoned as LI/office; ideal conversion to hotel, medical/healthcare, or office

Attachments

Brochure _L_

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
30,340 SF
Building Class
B
Year Built
1994
Price
$3,500,000
Price Per SF
$115.36
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,170 SF
Building FAR
0.20
Lot Size
3.45 AC
Zoning
LI - Light Industrial / 1700-OFFICE less than 3 FLOOR
Parking
120 Spaces (3.96 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Information
  • -
  • -
  • -

iHeartMedia is a publicly traded American audio media corporation headquartered in San Antonio, Texas. The company traces its origins to 1972, when its founders launched what became Clear Channel Communications before transitioning to the iHeartMedia name in 2014. It operates across multiple segments including broadcast radio, digital audio, and media services, distributing content through terrestrial stations, streaming platforms, and syndicated programming networks. iHeartMedia’s portfolio includes hundreds of full-power radio stations and its iHeartRadio digital platform, which offers streaming channels, podcasts, and custom content. The company also provides software and media representation services used by broadcasters, advertisers, and entertainment partners. As a publicly listed entity on the NASDAQ exchange, iHeartMedia maintains a national footprint supported by corporate operations based at its San Antonio headquarters. Its audio services span live radio, digital distribution, podcasting, and related media technologies, reflecting the company’s broad role within the U.S. communications landscape.

Tenant Industry SF Occupied Rent/SF Lease End
Information - - -

Property Taxes

Property Taxes

Parcel Number
0098378
Land Assessment
$526,000
Improvements Assessment
$2,763,900
Total Assessment
$3,289,900
  • Listing ID: 38226264

  • Date on Market: 10/27/2025

  • Last Updated:

  • Address: 2 Pai Park, Greensboro, NC 27409

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