Turnkey Neighborhood Bar and
For Sale
Contact for pricing
708 W Market Street, Greensboro, NC 27401
Established neighborhood bar fully gutted and renovated in 2024, offered turnkey for an operator with a liquor license.
Property Size2,651 SF
Price / SF$299.89
Days on Market58
Property Features for 708 W Market Street
General Information
Standard status
Active
Size
2,651 SF
Property subtype
Retail
Listing Agency:
NAI Piedmont Triad
Listed By:
John Purdie · License #NC 134484
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 3 at 9:14AM
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 NAI Piedmont Triad
Investment Insights
Based on property information with market context.
This established, operating neighborhood bar is being offered turnkey. The space was fully gutted and renovated in August 2024, creating an updated interior ready for immediate operation. The property is positioned for buyers or operators who already have a liquor license, as noted in the remarks, and it is presented as turn-key as it gets.
The bar is located on the newly completed final leg of the downtown Greenway, and the remarks cite a long operating history for bars at this location dating back 40 years. The combination of an operating concept and recent interior renovation is intended to support continuity for the next owner.
For a qualified buyer, this format can be an efficient path to ownership: an active neighborhood bar concept with a recently renovated interior and a turnkey setup. Prospective purchasers should plan to bring or transfer the necessary liquor license to meet the operator requirements described in the listing.
The bar is located on the newly completed final leg of the downtown Greenway, and the remarks cite a long operating history for bars at this location dating back 40 years. The combination of an operating concept and recent interior renovation is intended to support continuity for the next owner.
For a qualified buyer, this format can be an efficient path to ownership: an active neighborhood bar concept with a recently renovated interior and a turnkey setup. Prospective purchasers should plan to bring or transfer the necessary liquor license to meet the operator requirements described in the listing.
Key Highlights
- Established and operating neighborhood bar on the newly completed final leg of the downtown Greenway
- Fully gutted and renovated in August 2024
- Turnkey setup for an operator with a liquor license
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $18.00 |
| − Vacancy | −$4.9k | −$1.85 |
| EGI | $42.8k | $16.15 |
| − OpEx | −$10.7k | −$4.04 |
| NOI | $32.1k | $12.11 |
2,651 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$458.6K
$401.3K – $535.0K
NOI $32,102 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$840.3K
$735.3K – $980.4K
NOI $58,824 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,435
Businesses Nearby
50k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 37%
Hotels & Casinos 14%
Starbucks
Dining
19,427 visits/mo
0.3 miles
State Employees Credit Union
Shops & Services
11,259 visits/mo
0.5 miles
Mr. Tire
Shops & Services
5,043 visits/mo
0.3 miles
BonChon Chicken
Dining
4,844 visits/mo
0.5 miles
Hampton Inn & Suites
Hotels & Casinos
4,444 visits/mo
0.3 miles
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 Retail in Greensboro, NC
Questions? Ask Rey
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Similar Off Market Nearby
- Greensboro Distilling Company — 115 W Lewis St, Greensboro, NC 27406
- The Continental CLUB — 816 S Elm St, Greensboro, NC 27406
- Old Town Draught House — 1205 Spring Garden St, Greensboro, NC 27403
- Dram & Draught — 300 W Gate City Blvd, Greensboro, NC 27406
- College Hill Sundries — 900 Spring Garden St, Greensboro, NC 27403
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established neighborhood bar fully gutted and renovated in 2024, offered turnkey for an operator with a liquor license.
Where is this bar & pub located?
The property is located at 708 W Market Street Greensboro, NC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Established and operating neighborhood bar on the newly completed final leg of the downtown Greenway; Fully gutted and renovated in August 2024; Turnkey setup for an operator with a liquor license
