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    FOR SALE
    Office Spaces

    720 Summit Ave, Greensboro, NC 27405

    13,530 SF 0.71 ac lot Built 1975
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-5330984
    Property summary
    AI-generated overview

    This exceptional Greensboro office building at 720 Summit Ave offers 6,850 square feet of versatile space, currently entirely vacant and available for lease. The property, classified as Class B, was constructed in 1975 and features a two-story design. The building is zoned GOM and boasts ample parking, a significant advantage for employees and clients. The total building area is 6,850 square feet, divisible into a minimum of 1,712 square feet, allowing for flexibility to accommodate various business needs. The maximum contiguous space available is the entire 6,850 square feet, ideal for a single large tenant. Located in Guilford County, NC, with the address 720 Summit Ave, Greensboro, NC 27405, this property benefits from a highly convenient location. The building's strategic corner location provides excellent visibility and accessibility. This traditional office space is also suitable for executive office suites, offering a blend of practicality and prestige. The property's APN is 0004582. This is a unique opportunity to secure a substantial and adaptable office space in a desirable Greensboro location. Contact us today to schedule a viewing and explore the possibilities for your business.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1975
    Construction FRAME
    Total area 13,530 SF
    Lot 0.71 ac (30,928 SF)
    Zoning code O
    APN 4582
    UPID US53-5330984
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Latorre Law Firm Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.86M
    Blend (final) Blend
    $1.47M
    Owner & transaction history
    Summit Avenue Building LLC · 4 yrs held
    Summit Avenue Building LLC
    since 2021
    3 recorded transactions
    2021
    2021
    1969
    Zoning & alternative use
    O · Greensboro, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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