Downtown Goldsboro Flex Space
Downtown Goldsboro Flex Space
Marketing description
A rare opportunity to acquire a high-visibility, 10,032 SF landmark asset at the strategic epicenter of Goldsboro’s CBD revitalization. This property represents a low-basis entry into a rapidly appreciating submarket, offering a unique "Flex-Core" configuration that allows for immediate cash flow or a high-yield adaptive re-use conversion.
Investment Highlights
Strategic Market Arbitrage: Purchase a significant footprint in the downtown core at a price-per-square-foot significantly below replacement cost.
Dual-Income Potential: The 1937 classic-brick structure features a professional office or retail frontage for high-rent client-facing operations, seamlessly integrated with a massive open-span warehouse for high-volume inventory or boutique production.
Value-Add Catalyst: Ideal for a Triple-Net (NNN) conversion or a creative multi-tenant "Split-Risk" model, capturing the rising demand for downtown "Last-Mile" logistics and boutique commercial space. Situated just outside of the designated Historical district, allowing for an easy adaptive reuse conversion.
Investment highlights
- Total Building Size: ±10,032 SF
- Elite Visibility: Massive frontage on N Center Street, providing premier retail exposure and high daily traffic counts.
- Functional Layout: Robust suite of private offices and a reception area at the front, transitioning into an expansive, open-span rear space designed for high-volume operations or specialized inventory.
- Ample Parking: Includes a dedicated parking ratio of 2.49/1,000 SF—a significant competitive advantage in a downtown setting.
ZONING & DEVELOPMENT POTENTIAL
The property is zoned GB (General Business District), offering maximum flexibility:
- By-Right Uses: Accommodates high-intensity commercial uses that typically require special permits in other zones.
- Adaptability: The footprint is ideal for a multi-tenant retail hub, professional medical complex, or a boutique event venue (subject to city approval).
- Strategic Growth: Located within the downtown master plan, benefiting from public investment and increased foot traffic.
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