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and 505 W. Smith, 420, 422, 424 N. Spring St 415 N Edgeworth St 38,151 SF 100% Leased Office Building Greensboro, NC 27401 $4,699,000 ($123.17/SF)
Investment Highlights
- Excellent location in downtown Greensboro.
- Situated directly across the street from the ballpark.
Executive Summary
Downtown Greensboro Redevelopment / Investment Opportunity
Rare opportunity to acquire a high-visibility assemblage directly across from First National Bank Field (Greensboro Grasshoppers). Offering includes 415 N. Edgeworth St plus 505 W. Smith St and 420, 422, 424 N. Spring St—nearly 2 acres total in the heart of downtown.
The four homes on Smith/Spring sit on a prominent corner lot and are leased through 7/01, providing immediate income with future redevelopment flexibility.
Pricing:
• $1,700,000 for 505 W. Smith St + 420, 422, 424 N. Spring St
• $2,999,000 for 415 N. Edgeworth St only
• $4,699,000 for the full assemblage
Property Highlights:
• Site Size: ±1.30 acres (Edgeworth parcel) / ± .59 (505 W. Smith St + 420, 422, 424 N. Spring St) nearly 2 acres combined
• Current Income: $228,457 annually (before expenses- Edgeworth parcel) / $96,000 annually (505 W. Smith St + 420, 422, 424 N. Spring St)
• Leases: Mix of short- and intermediate-term in place
• Location: Across from the ballpark in Downtown Greensboro
• Potential: Mixed-use, multifamily, retail, office, or redevelopment
Investment Summary:
Strong in-place income today with exceptional long-term redevelopment potential in one of Greensboro’s most visible and growing downtown corridors.
Rare opportunity to acquire a high-visibility assemblage directly across from First National Bank Field (Greensboro Grasshoppers). Offering includes 415 N. Edgeworth St plus 505 W. Smith St and 420, 422, 424 N. Spring St—nearly 2 acres total in the heart of downtown.
The four homes on Smith/Spring sit on a prominent corner lot and are leased through 7/01, providing immediate income with future redevelopment flexibility.
Pricing:
• $1,700,000 for 505 W. Smith St + 420, 422, 424 N. Spring St
• $2,999,000 for 415 N. Edgeworth St only
• $4,699,000 for the full assemblage
Property Highlights:
• Site Size: ±1.30 acres (Edgeworth parcel) / ± .59 (505 W. Smith St + 420, 422, 424 N. Spring St) nearly 2 acres combined
• Current Income: $228,457 annually (before expenses- Edgeworth parcel) / $96,000 annually (505 W. Smith St + 420, 422, 424 N. Spring St)
• Leases: Mix of short- and intermediate-term in place
• Location: Across from the ballpark in Downtown Greensboro
• Potential: Mixed-use, multifamily, retail, office, or redevelopment
Investment Summary:
Strong in-place income today with exceptional long-term redevelopment potential in one of Greensboro’s most visible and growing downtown corridors.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$228,457
|
$5.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$228,457
|
$5.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $228,457 |
| Annual Per SF | $5.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $228,457 |
| Annual Per SF | $5.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
38,151 SF
Building Class
C
Year Built/Renovated
1966/1995
Price
$4,699,000
Price Per SF
$123.17
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,075 SF
Slab To Slab
10’
Building FAR
0.66
Lot Size
1.33 AC
Zoning
GOH - commercial
Parking
90 Spaces (2.12 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Monument Signage
- Air Conditioning
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Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 0001736 | Improvements Assessment | $1,418,700 (2025) |
| Land Assessment | $1,261,700 (2025) | Total Assessment | $2,680,400 (2025) |
Property Taxes
Parcel Number
0001736
Land Assessment
$1,261,700 (2025)
Improvements Assessment
$1,418,700 (2025)
Total Assessment
$2,680,400 (2025)
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and 505 W. Smith, 420, 422, 424 N. Spring St | 415 N Edgeworth St
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