507 Arlington St
Greensboro, NC 27406
Industrial Property For Sale

Located in the heart of Downtown Greensboro, 507 Arlington Street presents a rare opportunity to acquire a flexible industrial building surrounded by major institutional and economic anchors. Positioned just off West Gate City Boulevard and adjacent to the Union Square Campus, the property offers a strategic in-town industrial footprint well suited for owner-users, specialty operators, service trades, or adaptive reuse investors seeking proximity to the city’s growing academic, medical, and innovation corridors.
The building benefits from excellent accessibility, with immediate connectivity to Downtown Greensboro, established residential neighborhoods, and major area thoroughfares. Its urban-industrial setting places it within minutes of the South Elm Street district, proposed mixed-use developments, higher education campuses, and key employment centers. This central location supports a wide range of business functions while offering operating efficiencies not achievable in more remote industrial submarkets.
A former Penske Truck Leasing facility, the asset includes a functional combination of office and warehouse space, enhanced by multiple grade-level drive-in openings that have been infilled but remain architecturally adaptable for future use. The warehouse benefits from clear heights noted in the floor plans, while the office component provides a practical administrative environment with supporting infrastructure already in place. Ample onsite parking and generous circulation area accommodate a variety of operational needs, including fleet staging, service operations, or customer-facing uses.
Surrounded by ongoing investment and redevelopment momentum, 507 Arlington Street offers an opportunity to secure a well-located industrial property with flexible potential in one of Greensboro’s most active growth corridors. Its combination of functionality, accessibility, and proximity to institutional demand drivers positions it as a compelling acquisition for users or investors seeking long-term value in an infill industrial setting.