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    507 Church St Greensboro, NC 27401

    Sponsored
    For Sale
    $2,200,000

    Turnkey Wedding & Event Space

    Property size:
    9,762 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Greensboro event venue, located at 507 N Church St, is offered at $2,200,000. The property comprises two historic buildings (9,762 square feet total), constructed in 1875 and 1915, and joined in 2016. Situated on a 0.68-acre lot in the desirable Fisher Park area, this turnkey operation boasts abundant natural light and romantic architectural details. The venue includes a prep kitchen, bridal suite, groom's suite, office space, seven restrooms, and ample event space, comfortably accommodating 150 guests. With a proven track record, hosting 67 events in 2023, this property presents significant upside potential through enhanced marketing and operational strategies. The property is currently vacant and zoned PUD. This is a rare opportunity to acquire a well-established, high-demand event venue in a prime Greensboro location.

    Property Features for 507 Church St

    General Information

    Property type
    Wedding venues
    Square Feet
    9,762 SF
    Lot Size
    29,621 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • $2,200,000 asking price.
    • 9,762 square foot, vacant, mixed‑use property with two buildings.
    • Located at 507 N Church St, Greensboro, NC 27401, on a 0.68‑acre lot.
    • Established event and wedding venue with a strong revenue history (67 events in 2023).
    • Features include a prep kitchen, bridal suite, groom's suite, office space, and seven restrooms.
    • Offers significant upside potential through marketing and operational enhancements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Liz Grogan Photography Photography Service The McAlister-Leftwich House Wedding Venue

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7870205
    Latitude
    36.0796766

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    FAQs

    What type of property is this?
    Wedding venue - Turnkey Wedding & Event Space
    Where is this wedding venue located?
    The property is located at 507 Church St Greensboro, NC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price.; 9,762 square foot, vacant, mixed-use property with two buildings.; Located at 507 N Church St, Greensboro, NC 27401, on a 0.68-acre lot.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Church St Greensboro, NC 27401
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