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Redevelop Opportunity 853 S Elm St 20,236 SF Vacant Retail Building Greensboro, NC 27406 $1,000,000 ($49.42/SF)
Investment Highlights
- Redevelopment opportunity close to Downtown Greensboro
- Previously permitted for change of use and parking lot in rear
- Over 20,000 SF on 0.94 acre
Executive Summary
Located just south of downtown Greensboro, 853 South Elm Street offers over 20,000 square feet of flexible building space on nearly one acre of land. Built in 1935 and featuring a new roof installed in 2022, this property provides a unique opportunity for creative redevelopment or owner use. The site includes rear land suitable for parking or future improvements with road frontage on Elm St (front) and McCulloch St (rear). Preliminary architectural concepts are available to illustrate potential adaptive reuse ideas.
-Just south of Downtown Greensboro
-Excellent frontage and visibility along South Elm Street
-Ideal for retail, event, brewery, or mixed-use conversion opportunities
Convenient access to:
Downtown Greensboro Business District
I-40, I-85, and Gate City Boulevard
-Just south of Downtown Greensboro
-Excellent frontage and visibility along South Elm Street
-Ideal for retail, event, brewery, or mixed-use conversion opportunities
Convenient access to:
Downtown Greensboro Business District
I-40, I-85, and Gate City Boulevard
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
20,236 SF
Building Class
C
Year Built/Renovated
1935/2023
Price
$1,000,000
Price Per SF
$49.42
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
LI - Light Industrial- Previously permitted for change of use.
Parking
23 Spaces (1.14 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0001203 | Improvements Assessment | $556,300 |
| Land Assessment | $126,300 | Total Assessment | $682,600 |
Property Taxes
Parcel Number
0001203
Land Assessment
$126,300
Improvements Assessment
$556,300
Total Assessment
$682,600
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