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236-238 S Elm St
Greensboro, NC 27401
Vernon Building · Property For Lease · 15,842 SF

Highlights

  • High visibility corner in the heart of walkable downtown Greensboro, adjacent to public parking and surrounded by dense mixed-use properties
  • 851 SF patio expanding up to 3,072 SF fenced outdoor space — one of the largest in downtown, with permitted expansion already in place
  • Steps from multiple major entertainment venues generating consistent pre/post-show traffic and repeat customers
  • Existing infrastructure in place (hood, grease trap, bar) significantly reduces buildout time and cost
  • 4,285 SF with soaring ceilings, skylights, and a 2nd-floor loft ideal for private dining or events
  • Solid foundation with upside potential; ideal for a well-capitalized concept to reposition and maximize performance

About the Property

Restaurant Opportunity in Iconic Downtown Greensboro Location Located at 100 W Washington Street, Greensboro, NC, this is a rare opportunity to step into a 2nd generation restaurant space in the heart of downtown; no business purchase required. We are not selling a business, we are looking for the right operator to bring a strong concept, vision, and investment into the space. The Space 4,285 SF interior 851 SF patio (expanding to 3,072 SF of fenced area) on desirable corner Patio expansion already permitted (ability to make adjustments if secured early) 2nd story loft that can function as a private dining or party room Extremely high ceilings and skylights Located in a mixed-use building with boutique apartments above Trendy salon and coffee shop in the same building/next door Prime, walkable downtown location next door to 706 space public parking garage The Opportunity $7,500/month (does not include utilities) True 2nd generation restaurant Existing infrastructure in place (hood, grease trap, bar, etc.) Significant equipment on-site (older — will need updating or replacement) Strong foundation but space requires capital investment to reposition successfully This is not turnkey and is best suited for an experienced operator with the financial ability to invest in improvements. We are seeking an operator who: Has proven restaurant experience Brings a clear concept and vision Has the capital to invest in upfitting, equipment, and overall refresh Has a strong eye for design, branding, and guest experience Built-In Demand Drivers Adjacent to the new 1,000-capacity The Pyrle Theatre (first show 2/17/26, ~150 shows/year) 1 block from The Carolina Theatre (1,100 seats) ~0.4 miles from the $94M, 3,000-seat Steven Tanger Performing Arts Center (on the same corridor) Significant opportunity for pre/post-show dining, bar traffic, and repeat customers Why This is Unique Avoid the cost and timeline of a full restaurant buildout Large (and expanding) private patio — rare for downtown Immediate proximity to multiple major entertainment anchors Ability to get in early and help shape the final patio layout Next Steps If you’re an experienced operator with the vision and capital to execute, we’d love to connect.

Property Facts

Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Size 15,842 SF
Year Built 1883
  • Listing ID: 39577649

  • Date on Market: 2/25/2026

  • Last Updated:

  • Address: 236-238 S Elm St, Greensboro, NC 27401

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