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720 Summit Ave 13,700 SF 50% Leased Office Building Greensboro, NC 27405 $2,239,000 ($163.43/SF)
Executive Summary
+/- 13,700 SF Building for Sale
720 Summit Ave in Greensboro, NC is a well-positioned corner office building available for sale, with select portions available for lease. Formerly an old bank branch, the property was thoughtfully converted to office use and still features an existing drive through area, offering unique adaptability for a variety of users. The building totals approximately 13,700 SF across two floors and is located in a highly accessible, centrally positioned corridor.
A portion of the first floor is currently occupied by a tenant; however, the vacant areas of the first floor, along with the entire second floor, are available for lease. In the event of a sale, ownership is open to a short-term leaseback or full vacancy at closing, providing flexibility for both owner-users and investors.
With ample parking, strong visibility, and close proximity to Downtown Greensboro, this property presents a compelling opportunity for users seeking immediate space or investors looking for adaptable occupancy strategies.
720 Summit Ave in Greensboro, NC is a well-positioned corner office building available for sale, with select portions available for lease. Formerly an old bank branch, the property was thoughtfully converted to office use and still features an existing drive through area, offering unique adaptability for a variety of users. The building totals approximately 13,700 SF across two floors and is located in a highly accessible, centrally positioned corridor.
A portion of the first floor is currently occupied by a tenant; however, the vacant areas of the first floor, along with the entire second floor, are available for lease. In the event of a sale, ownership is open to a short-term leaseback or full vacancy at closing, providing flexibility for both owner-users and investors.
With ample parking, strong visibility, and close proximity to Downtown Greensboro, this property presents a compelling opportunity for users seeking immediate space or investors looking for adaptable occupancy strategies.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,700 SF
Building Class
B
Year Built
1975
Price
$2,239,000
Price Per SF
$163.43
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,850 SF
Building FAR
0.48
Lot Size
0.65 AC
Zoning
GOM - Office
Parking
40 Spaces (2.92 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Floor
- 6,850 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 6,850 SF | Office | - | Now |
2nd Floor
| Size |
| 6,850 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 0004582 | Improvements Assessment | $941,200 |
| Land Assessment | $213,800 | Total Assessment | $1,155,000 |
Property Taxes
Parcel Number
0004582
Land Assessment
$213,800
Improvements Assessment
$941,200
Total Assessment
$1,155,000
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