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524 S Elm St
Greensboro, NC 27406
Former South Greensboro National Bank-1918 · Office Property For Sale
Investment Highlights
- Historical Architectural Detail: The building maintains elegant 1900s features from the original day as a bank
- Dedicated Parking: Unlike many downtown space, this building offers 5 dedicated parking spaces
- Prime Walkable Location: Situated in the trendy Elm Street Historic District with restaurants, shop, museums, & nearby theaters
Executive Summary
Positioned in the heart of Downtown Greensboro's vibrant South Elm District, the historic First National Bank presents an exceptional legacy-grade investment opportunity.
Built in 1907, this 4550 square foot architectural gem with vintage character-featuring plaster ceilings, original bank vaults, and period skylights-with modern urban utility. Surrounded by award-winning dining, theater, museums- all housed in beautiful buildings of another time. This prime commercial building is at the epi-center of mixed-use developments giving the owner/investor a rare opportunity to secure a cornerstone in a high-demand, high-appreciation pedestrian district.
Built in 1907, this 4550 square foot architectural gem with vintage character-featuring plaster ceilings, original bank vaults, and period skylights-with modern urban utility. Surrounded by award-winning dining, theater, museums- all housed in beautiful buildings of another time. This prime commercial building is at the epi-center of mixed-use developments giving the owner/investor a rare opportunity to secure a cornerstone in a high-demand, high-appreciation pedestrian district.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,550 SF
Building Class
B
Year Built
1907
Price
$1,394,320 CAD
Price Per SF
$306.44 CAD
Cap Rate
6.70%
NOI
$93,377 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
1.31
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
CBD - Commercial Business District
Parking
5 Spaces (1.1 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 0000532 | Improvements Assessment | $426,832 CAD |
| Land Assessment | $176,042 CAD | Total Assessment | $602,875 CAD |
Property Taxes
Parcel Number
0000532
Land Assessment
$176,042 CAD
Improvements Assessment
$426,832 CAD
Total Assessment
$602,875 CAD
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