212 S Elm St - Loft/Creative Space FOR SALE


Greensboro, NC 27401- Downtown Greensboro
$2,800,000 USD
336-209-1622
212 S Elm St, Greensboro, NC for Sale
$2,800,000 USD
Loft/Creative Space - FOR SALE
1/20
null | Request Cap Rate

212 S Elm St
Greensboro, NC 27401
Downtown Greensboro


HIGHLIGHTS

  • Iconic Art Deco mixed-use building in the heart of downtown Greensboro offering retail, office, event, and residential space.
  • Featuring Kress Terrace, an elegant banquet hall that opens to an expansive outdoor terrace that overlooks downtown.
  • Benefit from beautifully restored Art Deco details, a fully finished basement, and a covered walkway to a parking deck.
  • Situated in the heart of downtown Greensboro within steps of Triad Stage, Blue Denim restaurant, and more.
  • Opportunity Zone

OVERVIEW

The Kress Building, located at 212 Elm Street, is an iconic downtown property in Greensboro, North Carolina. Containing ±45,310-square-feet across five floors and a basement, the building was delivered in 1930 and designed by architect Edward Sibbert. Property features include beautifully restored Art Deco exterior and interior details, a fully finished basement, and a covered walkway to an adjacent parking deck. Benefit from a mixed-use property in an opportunity zone. Premium retail space for shops or a restaurant can be found on the ground level. The second through fourth floors feature office space with open and adaptable floorplans. Additionally, there is a luxury residential apartment flooded with natural light on the fifth floor. Kress Terrace, an elegant ±2,250-square-foot interior banquet hall, is located on the property's fourth floor. This beautiful venue also features an expansive 4,500-square-foot outdoor terrace that overlooks the heart of downtown Greensboro. The interior space can accommodate 150 seated guests or 175 guests for a cocktail reception. Combined with the adjoining rooftop terrace, Kress Terrace may accommodate up to 400 individuals. This all-weather, year-round event venue is ideal for weddings, rehearsal dinners, business receptions, seminars, luncheons, and more. The centrally located Kress Building shares a city block with Triad Stage, Greensboro Day Spa & Salon, and Blue Denim, Los Chico's, and Liberty Oak restaurants. 212 Elm Street sits within a block of E Market Street, which connects to S. O Henry Boulevard within moments. Property tours are available by appointment only, please contact the listing broker to schedule.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Historic S.H. Kress & Co Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CB

APN/PARCEL ID

0000019

ASK ABOUT THIS PROPERTY

Charles WrightSimpson Commercial Real EstateMore Info
336-209-1622

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Charles WrightSimpson Commercial Real EstateMore Info
336-209-1622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.