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2 Pai Park 30,340 SF Office Building Greensboro, NC 27409 $3,500,000 ($115.36/SF)
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
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
Property Facts
Sale Type
Investment or Owner User
Property Type
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
- -
- -
- -
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Information | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0098378 | Improvements Assessment | $2,763,900 |
| Land Assessment | $526,000 | Total Assessment | $3,289,900 |
Property Taxes
Parcel Number
0098378
Land Assessment
$526,000
Improvements Assessment
$2,763,900
Total Assessment
$3,289,900
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2 Pai Park