114 Elm StGreensboro, NC 27401

Property Details for 114 Elm St

Year built

1924

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

39,226 SF

Zone code

CB

Property type

Office properties

APN

253

APU

253

Description

This exceptional Greensboro, NC property at 114 N. Elm St. offers 6,000 square feet of versatile retail and office space, currently entirely vacant and available for lease. The building is divided into four individual suites, each offering a unique opportunity for businesses seeking a prominent downtown location. Suite sizes range from a minimum of 1,000 square feet to a maximum contiguous space of 2,200 square feet, providing flexibility for various business needs. The property's "Executive Office" designation highlights its suitability for professional firms seeking a sophisticated and well-located workspace. Situated in the heart of Greensboro, within Guilford County, this location benefits from high visibility and easy access to major transportation routes. The address, 114 N Elm St, Greensboro, NC 27401, places businesses within walking distance of numerous amenities, enhancing employee convenience and attracting clients. This is an excellent opportunity to establish a presence in a thriving downtown area. The entire 6,000 square feet is available, allowing for a single tenant to occupy the entire building or multiple tenants to occupy individual suites. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $4,303,552

  6.5%

  $3,972,510

  7%

  $3,688,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,979,072

  Geo Method

  $9,003,936

• Alternative Use

  Use

  Valuation

  Residential

  $4,925,912

  Hospitality

  $4,512,110

  Educational

  $3,754,022

  Medical

  $3,883,129

  Retail

  $5,839,590

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0731

Longitude

-79.7899

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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