104 N Elm GSO - MAKE AN OFFER
Office and Apartments
Marketing description
Positioned in the heart of downtown Greensboro, this two-story commercial property presents a rare opportunity for investors and end-users alike. Recently updated with a brand-new roof, the building has been fully gutted—offering a clean slate ready for a custom upfit tailored to your vision.
Key infrastructure is already in place, with plumbing mains intact and connected to city services, helping streamline redevelopment plans. The layout offers excellent flexibility: the first floor is ideal for retail, showroom, or office use, while the second floor—formerly configured as offices—features its own private entrance directly from the sidewalk, creating strong potential for additional income.
Whether you’re an investor looking to maximize returns or an owner-occupant seeking a live/work or income-producing setup, this property delivers unmatched versatility in a prime downtown location. Endless possibilities await—from boutique retail and creative office space to residential units above.
Strong potential for historic and redevelopment tax credits makes this downtown Greensboro asset an even more compelling investment opportunity. With a new roof, existing utility connections, and a fully gutted interior, the property is primed for a strategic repositioning that can significantly offset renovation costs. Investors can capitalize on multiple incentive programs while transforming a blank-slate building into a high-performing, income-generating asset.
Investment highlights
Prime value-add opportunity in the core of downtown Greensboro. This two-story commercial asset has already cleared the heavy lifting—featuring a brand-new roof and a fully gutted interior—allowing investors to move into redevelopment without the cost and time of demolition.
The building retains key infrastructure, including plumbing mains connected to city services, providing a strong foundation for a wide range of repositioning strategies. The layout is ideal for mixed-use conversion: activate the first floor with retail, restaurant, or office space, while capitalizing on the second floor—formerly office space with a dedicated street-level entrance—for apartments, short-term rentals, or professional suites.
With separate access, strong street presence, and flexible zoning potential, this asset is well-positioned to generate multiple income streams. Located in a high-demand downtown corridor with ongoing growth and revitalization, this is a rare chance to acquire a blank-slate asset in a supply-constrained market.
Ideal for investors seeking a scalable redevelopment project with strong upside potential and long-term cash flow.
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