200 Elm StGreensboro, NC 27401

This iconic four-story, 55,975 square foot Class A office building, located at 200 S Elm St in Greensboro, NC, presents a unique investment opportunity. Built in 1924 and renovated in 2017, this local landmark boasts a stunning Neoclassical design featuring terra cotta tile, pressed grey brick, and granite. Currently housing five tenants, including the Greensboro Chamber of Commerce, Los Chicos Mexican Restaurant, and The City of Greensboro, the building offers 39,035 square feet of net rentable space with 76% occupancy. Modern interior finishes complement the historic exterior, and amenities include security cameras, key fob entry, ample parking with a fourth-floor bridgeway to a nearby parking deck, and one elevator. The building sits on a 0.23-0.25 acre lot in the heart of Greensboro's vibrant downtown, within the CBD zoning district and designated as an Opportunity Zone. The stabilized investment offers a pro-forma NOI of $552,520 and a pro-forma cap rate of 7.27%. The asking price is $7,600,000, and the sale is structured for a 1031 exchange. This is a rare chance to acquire a historically significant, high-quality office building in a prime downtown location.