314 S Elm Street

Historic store front four story property on Greensboro's most historic street. Development plans have already been completed at an expense of $80,000 and can be used by the purchaser/developer. Plans are for first level retail and restaurant with the above floors developed as eighteen apartment units. Proforma gross revenue once completed is estimated at $426,000 per year. The historic property is subject to a 20% tax credit for both federal and state for cost of redevelopment. Contact Donald Gilchrist, BIC Associate Director, Net Leased Properties Group Member National Retail Group, Special Asset Services Group Donald.gilchrist@marcusmillichap.com