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233-235 S Elm St 5,280 SF 100% Leased Retail Building Greensboro, NC 27401 $1,300,000 ($246.21/SF)



Executive Summary
233 S Elm Street | Greensboro, NC
Rare opportunity to acquire a 6,400 SF mixed-use building in the heart of Downtown Greensboro. The building features approximately 3,200 SF per floor, plus an ±800 SF mezzanine (not included in the building square footage).
The street level offers prime retail frontage on South Elm Street, while the second floor is well-suited for residential conversion with the potential for a 2-3 bedroom living space, 12-foot ceilings, and abundant natural light.
Property includes four dedicated rear parking spaces, with the potential for 3-5 additional spaces along Washington Street, subject to City of Greensboro approval. The Washington Street area may also accommodate an outdoor seating or patio area, depending on permitted use and City approval.
Additional features include a newer roof (approximately 5-7 years old) and a highly desirable downtown location within walking distance of restaurants, entertainment, and office users.
Highlights
6,400 SF total building
±3,200 SF floor plates
±800 SF mezzanine (not included in SF)
Prime South Elm Street retail frontage
Second floor suitable for residential/live-work conversion
12' ceilings on second floor
4 dedicated rear parking spaces
Potential for 3-5 additional parking spaces or outdoor seating (subject to City approval)
Newer roof
Rare mixed-use owner/user or investment opportunity
Rare opportunity to acquire a 6,400 SF mixed-use building in the heart of Downtown Greensboro. The building features approximately 3,200 SF per floor, plus an ±800 SF mezzanine (not included in the building square footage).
The street level offers prime retail frontage on South Elm Street, while the second floor is well-suited for residential conversion with the potential for a 2-3 bedroom living space, 12-foot ceilings, and abundant natural light.
Property includes four dedicated rear parking spaces, with the potential for 3-5 additional spaces along Washington Street, subject to City of Greensboro approval. The Washington Street area may also accommodate an outdoor seating or patio area, depending on permitted use and City approval.
Additional features include a newer roof (approximately 5-7 years old) and a highly desirable downtown location within walking distance of restaurants, entertainment, and office users.
Highlights
6,400 SF total building
±3,200 SF floor plates
±800 SF mezzanine (not included in SF)
Prime South Elm Street retail frontage
Second floor suitable for residential/live-work conversion
12' ceilings on second floor
4 dedicated rear parking spaces
Potential for 3-5 additional parking spaces or outdoor seating (subject to City approval)
Newer roof
Rare mixed-use owner/user or investment opportunity
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,280 SF
Building Class
C
Year Built
1888
Price
$1,300,000
Price Per SF
$246.21
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
13’
Building FAR
2.42
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
CB - Central Business
Parking
7 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Thousands O'Prints
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Thousands O'Prints | Retailer | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0000046 | Improvements Assessment | $580,800 |
| Land Assessment | $105,600 | Total Assessment | $686,400 |
Property Taxes
Parcel Number
0000046
Land Assessment
$105,600
Improvements Assessment
$580,800
Total Assessment
$686,400
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233-235 S Elm St
