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$ 4,699,000
Est. payment | /mo
$ 4,699,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1207023
HOA Y/N No
Year Built 1966
Property Sub-Type Investment
Source Triad MLS
Property Description
Offering includes 415 N. Edgeworth St plus 505 W. Smith St and 420, 422, 424 N. Spring St. Nearly 2 acres in heart of downtown.
The four homes on Smith/Spring sit on a prominent corner lot and are leased through 7/01, providing immediate income with future redevelopment flexibility.
Pricing:
• $1,700,000 for 505 W. Smith St + 420, 422, 424 N. Spring St
• $2,999,000 for 415 N. Edgeworth St only
• $4,699,000 for the full assemblage
Property Highlights:
• Site Size: ±1.30 acres (Edgeworth parcel) / ± .59 (505 W. Smith St + 420, 422, 424 N. Spring St) nearly 2 acres combined
• Current Income: $228,457 annually (before expenses- Edgeworth parcel) / $96,000 annually (505 W. Smith St + 420, 422, 424 N. Spring St)
• Leases: Mix of short- and intermediate-term in place
• Location: Across from the ballpark in Downtown Greensboro
• Potential: Mixed-use, multifamily, retail, office, or redevelopment
The four homes on Smith/Spring sit on a prominent corner lot and are leased through 7/01, providing immediate income with future redevelopment flexibility.
Pricing:
• $1,700,000 for 505 W. Smith St + 420, 422, 424 N. Spring St
• $2,999,000 for 415 N. Edgeworth St only
• $4,699,000 for the full assemblage
Property Highlights:
• Site Size: ±1.30 acres (Edgeworth parcel) / ± .59 (505 W. Smith St + 420, 422, 424 N. Spring St) nearly 2 acres combined
• Current Income: $228,457 annually (before expenses- Edgeworth parcel) / $96,000 annually (505 W. Smith St + 420, 422, 424 N. Spring St)
• Leases: Mix of short- and intermediate-term in place
• Location: Across from the ballpark in Downtown Greensboro
• Potential: Mixed-use, multifamily, retail, office, or redevelopment
Location
State NC
County Guilford
Building
Sewer Public Sewer
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Wayne Troxler • GUILFORD REALTY GROUP, INC.
NEARBY SCHOOLS & PROPERTIES
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