720 Summit AveGreensboro, NC 27405
- Office properties
- 13,530 SF
Property Details for 720 Summit Ave
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 0.71 AC
- Property size (Sq ft)
- 13,530 SF
- Zone code
- O
- Property type
- Office properties
- APN
- 4582
- APU
- 4582
Description
This exceptional Greensboro office building at 720 Summit Ave offers 6,850 square feet of versatile space, currently entirely vacant and available for lease. The property, classified as Class B, was constructed in 1975 and features a two-story design. The building is zoned GOM and boasts ample parking, a significant advantage for employees and clients. The total building area is 6,850 square feet, divisible into a minimum of 1,712 square feet, allowing for flexibility to accommodate various business needs. The maximum contiguous space available is the entire 6,850 square feet, ideal for a single large tenant. Located in Guilford County, NC, with the address 720 Summit Ave, Greensboro, NC 27405, this property benefits from a highly convenient location. The building's strategic corner location provides excellent visibility and accessibility. This traditional office space is also suitable for executive office suites, offering a blend of practicality and prestige. The property's APN is 0004582. This is a unique opportunity to secure a substantial and adaptable office space in a desirable Greensboro location. Contact us today to schedule a viewing and explore the possibilities for your business.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,682,320
- 6.5%
- $1,552,910
- 7%
- $1,441,990
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,717,400
- Geo Method
- $3,105,680
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $3,465,180
- Retail / Commercial
- $1,697,090
- Mixed-Use / Specialty
- $1,628,120
- Hospitality / Lodging
- $1,112,580
- Institutional / Educational
- $1,670,100
- Residential Income
- $1,954,010
- Multifamily
- $2,692,350
- Automotive / Energy
- $1,431,510
- Parking / Income-Based Land
- $556,160
- Restaurant / Food Service
- $712,516
- Healthcare / Senior Housing
- $1,734,120
Location Insight
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Latitude
- 36.0816
- Longitude
- -79.7784
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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