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Investment Highlights

  • CM Commercial Zoning Grandfathered Multifamily Use
  • Near NC A&T State University
  • Adjacent Parcel Also Available
  • Revitalization Commercial Overlay District
  • Minutes to Downtown Greensboro
  • Value-Add Investment Opportunity

Executive Summary

Positioned within a growing Greensboro revitalization corridor, this grandfathered multifamily investment property offers a unique opportunity to acquire an asset located within a commercial overlay district just minutes from NC A&T State University, downtown Greensboro, shopping, dining, entertainment, and major transportation routes.
Built in 1955, the property presents an excellent value-add opportunity for investors seeking to renovate, reposition, or expand their portfolio in a strategic location experiencing continued investment and growth. The grandfathered multifamily use provides a unique opportunity within the commercial overlay district while allowing investors to capitalize on the area's long-term potential.
Seller is also offering the adjacent investment property(parcel 10380), for sale and prefers a simultaneous purchase of both parcels but will consider separate offers.
Property is being sold as-is. Buyers are encouraged to verify zoning, overlay requirements, permitted uses, and development opportunities with the City of Greensboro. Showings by appointment only. Current occupancy is subject to unwritten rental arrangements. Please do not disturb occupants.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
1,225 SF
Building Class
C
Year Built
1955
Price
$196,007 CAD
Price Per SF
$160.01 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,225 SF
Building FAR
0.23
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
GB/CM - The current city zoning is Commercial Mixed(see attachments). CM Commercial zoning with existing grandfathered multifamily use.
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0010381
Land Assessment
$37,968 CAD
Improvements Assessment
$68,792 CAD
Total Assessment
$106,760 CAD
  • Listing ID: 41107491

  • Date on Market: 2026-06-30

  • Last Updated:

  • Address: 1938 E Market St, Greensboro, NC 27401

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