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Commercial/Medical/Office Redevelopment Opportunity
For Sale
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1018 Magnolia St, Greensboro, NC 27401

Medical/Office For Sale Greensboro

Property Size5,270 SF
Days on Market325

Property Features for 1018 Magnolia St

General Information

Standard status Active
Property type Office buildings, Medical space, Other office properties, Office Spaces, Healthcare properties
Size 5,270 SF
Total Parking Spaces 50
Elevators No

Building Details

Year Built 1953
Year Renovated 2024
Buildings 1
Stories 1
Listing Agency:
Listed By: Angela
Added: Oct 10, 2025 Changed: Aug 28

Investment Insights

Based on property information with market context.

Three contiguous commercial properties are available, located at 1018 North Elm Street, 1117 Magnolia Street and 1121 Magnolia Street. All three properties are zoned commercial and offer a redevelopment opportunity. The location is adjacent to Wendover Avenue, with an exit directly onto Magnolia Street. Wendover Avenue is a major corridor in Greensboro, providing proximity to major highways, including I-40, I-73, and I-840. The properties are surrounded by multiple medical buildings, including Atrium Health, Cone Health, Kind Behavior, the new Cone Heart and Vascular Center, and dental practices. A freestanding 5,270 square foot building was renovated in 2024. The properties offer the potential to remodel the existing building or clear the site for new construction, taking advantage of the expansive area facing Magnolia Street. A prominent two-sided building pylon sign is located on Wendover Avenue. The properties are in close proximity to Downtown Greensboro, Fisher Park, and Irving Park. The properties are owner-occupied with no lease agreements in place.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Accounting Firm Computer & Electronic Repair Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,797
Businesses Nearby

Demographics for 27401, NC

21,854
Population
9,650
Households
2.3
Avg Household Size
29
Median Age
32%
College-Educated
85%
High-School Grad
5.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$44,524
Median Household Income
$22,542
Median Earnings
$883
Median Rent
$138,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Medical/Office For Sale Greensboro
Where is this office building located?
The property is located at 1018 Magnolia St Greensboro, NC.
More about this property
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