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