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Historic Brick Storefront
For Sale
Contact for pricing
Pending

504 Martin Luther King Jr Dr, Greensboro, NC 27406

Corner-site commercial building requiring restoration near downtown.

Property SizeContact for details
Days on Market142

Property Features for 504 Martin Luther King Jr Dr

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Keller Williams Realty North
Listed By: Shona Drayton · License #NC
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 5:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty North

Investment Insights

Based on property information with market context.

Built in 1923, this brick storefront property occupies a corner site and retains historic character. The building is described as distressed and requires restoration before reuse.

The property is located a short distance from downtown on Martin Luther King Jr. Drive, placing the site within an established business-community setting.

Key Highlights

  • 1923 construction date
  • Brick commercial building on a corner site
  • Existing distressed condition with restoration needed

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Electrical Service Garden Center Kitchen & Bath Showroom Plumbing Service Acupuncture

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

1,636
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 48% Shops & Services 21% Apparel 21% Hotels & Casinos 9%
Mellow Mushroom Dining
12,040 visits/mo 0.2 miles
Goodwill Apparel
9,836 visits/mo 0.4 miles
Church's Chicken Dining
5,886 visits/mo 0.2 miles
BonChon Chicken Dining
4,844 visits/mo 0.2 miles
Hampton Inn & Suites Hotels & Casinos
4,444 visits/mo 0.5 miles

Demographics for 27406, NC

61,597
Population
28,080
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
69.4 sq mi
ZIP Area
888
Density / Sq Mi
$56,748
Median Household Income
$37,095
Median Earnings
$1,103
Median Rent
$191,800
Median Home Value

Market

Vacancy Rate% for Retail in Greensboro, NC

6% 2020
6.5% 2021
4.6% 2022
4.7% 2023
4.6% 2024
4% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Corner-site commercial building requiring restoration near downtown.
Where is this storefront property located?
The property is located at 504 Martin Luther King Jr Dr Greensboro, NC.
What are key features of this property?
This property features: 1923 construction date; Brick commercial building on a corner site; Existing distressed condition with restoration needed
More about this property
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