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519 S Elm St 2,526 - 5,057 SF of Office/Retail Space Available in Greensboro, NC 27406
Highlights
- Flexible layout suitable for retail, service business, office, or food and beverage concepts; customizable for tenant needs.
- Walkable location surrounded by restaurants, boutiques, art galleries, and entertainment venues, providing an active urban environment.
- Separate entrance access from South Elm and rear entry areas; rear delivery access included.
- Prime Elm St frontage with great visibility
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,526 SF | 13’ | 3-10 Years | $22.00 /SF/YR $1.83 /SF/MO $55,572 /YR $4,631 /MO | Triple Net (NNN) | |
| 2nd Floor | 2,531 SF | 10’ | 3-10 Years | $19.50 /SF/YR $1.63 /SF/MO $49,355 /YR $4,113 /MO | Triple Net (NNN) |
1st Floor
The owner is currently bringing the space back to it's 1900 glory. Brick facade, tall exposed ceilings, etc. Customizable for your retail, service, office, food/bev use. Rear access for deliveries. This space can be combined with the 2nd floor and/or subdivided with a separate entrance
- Lease rate does not include utilities, property expenses or building services
- Finished Ceilings: 13’
- Can be combined with additional space(s) for up to 5,057 SF of adjacent space
- Prime South Elm Street frontage
- Currently undergoing updates
- Features tall ceiling heights
- Abundant natural light
- Flexible layout suitable for office
- Separate entrance access from South Elm
2nd Floor
The second floor of 519 S Elm Street provides approximately 2,531 square feet of flexible space designed for office, studio, or creative use. The layout features soaring ceilings and six oversized windows that flood the interior with natural light, offering a bright and inspiring workspace that overlooks a downtown garden setting. Tenants can enjoy a dedicated entry from South Elm Street as well as a private rear entrance, ensuring easy accessibility and functional separation from the ground floor. With an open floor plan that accommodates a variety of configurations, this level is well-suited for professional offices, design studios, or other creative concepts. The space can also be subdivided to support multiple users, delivering versatility in a walkable district surrounded by retail, dining, and cultural amenities.
- Lease rate does not include utilities, property expenses or building services
- Finished Ceilings: 10’
- Can be combined with additional space(s) for up to 5,057 SF of adjacent space
- 2,531 SF of adaptable second-floor space.
- South Elm Street and private rear entrances
- High ceilings with six large windows
- Open floor plan
- Overlooks a garden setting
- Flexible subdivision options
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 5,057 SF | Gross Leasable Area | 5,062 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront |
| Total Space Available | 5,057 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,062 SF |
| Year Built | 1900 |
About the Property
Prime Elm St frontage in busy Southend District: A new glass storefront will be installed to Tenant's specs. Tall ceiling height (13' clear first floor, 10' clear second floor), and 6 new large windows on the 2nd floor providing a unique setting overlooking a downtown hidden garden. The 2nd floor can be subdivided with a separate entrance on S Elm st along with a private rear entrance. Rear access for deliveries. Lease rate includes new customized storefront and exterior improvements. Originally built in 1900 as a hotel and subsequently occupied by several hardware stores, the building has most recently been the home of Dudley's beauty school for over 50 years! The current owners have brought the interior conditions back to it's original exposed brick beauty, ready for your improvements. Come compliment the great neighbors with your wellness, furniture, lighting, marketing, creative, yoga, retail, service biz and/or office. *Broker is an owner of the building
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519 S Elm St
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