Foundation Place 330 S Greene St 28,000 SF 63% Leased Office Building Greensboro, NC 27401 For Sale
INVESTMENT HIGHLIGHTS
- Capitalize on the historic Foundation Place, a modernized office property in the heart of Downtown Greensboro, North Carolina.
- Investors will benefit from significant occupancy at 98%, a strategic location, and good cash flow.
- Conveniently located in the downtown area with easy access to several commuter routes, including Routes 29 and 220, and Interstates 85 and 40.
- Timeless four-story office featuring an iconic first-floor lobby with reception, high ceiling heights, and revitalized amenities.
- Tenants enjoy walkability to surrounding shopping and dining options and reserved, free parking in the on-site parking deck.
- Located within a Federal Opportunity Zone that provides tax incentives and credits to qualifying businesses and developers.
EXECUTIVE SUMMARY
Upon entrance through the grand lobby, the first floor incorporates several amenities, including a reception area, multiple office spaces, two conference rooms, open work/file spaces, a kitchen, and private bathrooms. Each floor shares the elevator and offers multiple offices, open workspaces, and private restrooms, along with conference/meeting rooms and a kitchen.
Situated on South Greene Street, Foundation Place is just steps from Greensboro’s best attractions, such as The Carolina Theatre and famous local eateries like Cheesecakes by Alex and Natty Greene’s Pub and Brewing Co., perfect for keeping clients and visitors entertained downtown. Commuting is a breeze with reserved parking in the on-site parking deck and easy access to Routes 29 and 220, along with Interstates 85 and 40.
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Downtown Greensboro is charming, historic, hip, and trendy. Its landmark architecture, lining wide sidewalks, offers a variety of shops, restaurants, art studios, and theaters. The property is positioned just a few blocks east of the University of North Carolina at Greensboro, and Greensboro College adds a youthful energy to the neighborhood. Downtown Greensboro is also home to several parks, including the Downtown Greenway and Center City Park.
PROPERTY FACTS
AMENITIES
- Bus Route
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Floor
- 10,000 SF
- Office
- Full Build-Out
- Now
480 square feet of leasable space now available on the 3rd floor.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 10,000 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 304 | 480 SF | Office | - | Now |
2nd Floor
| Size |
| 10,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 304
| Size |
| 480 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
ABOUT GREENSBORO CBD
Downtown Greensboro is the heart of the growing Triad region in Northwestern North Carolina. The historic district includes preserved landmark office and retail buildings as well as brand-new trophy space for Greensboro’s many professional and financial services firms. The neighborhood’s walkability and creative spaces have also led to growth in entertainment options. Several breweries, art galleries, and event spaces have moved into renovated industrial spaces, especially near the neighborhood’s South End.
Four colleges and universities surround the downtown area, supporting the growing entertainment scene here and graduating thousands of young professionals each year. The 20,000-student University of North Carolina at Greensboro, along with the smaller Greensboro College, sits to the west, and the 12,000-student North Carolina Agricultural and Technical State University and Bennett College sit to the east. Visitors are also drawn to the area by The International Civil Rights Museum, which owns several buildings downtown, particularly the historic Woolworth’s department store, where the sit-in movement of the 1960s began.
Major office tenants here include Lincoln Financial Group, Wells Fargo, and Arch Mortgage Insurance. While most buildings in the area are historic, preleasing has supported a handful of newer builds, which are largely leased. Office rent growth downtown is typically among the fastest in the Greensboro area, as a central location and limited new supply keep demand strong.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| SnackBar | Burgers | £ | 3 min walk |
| Hibachi Cafe | Cafe | £ | 3 min walk |
| Pizzeria L'italiano | Pizza | £ | 6 min walk |
| Flaviano’s Mexican Restaurant | Mexican | £ | 7 min walk |
| Kimbees Inc | Bakery | ££ | 8 min walk |
| B Christopher's Steakhouse | Steak | £££ | 7 min walk |
| Midori Japanese Hibachi | Japanese | ££ | 7 min walk |
RETAIL |
||
|---|---|---|
| Truist | Bank | 5 min walk |
| The Works | Other Retail | 5 min walk |
| Edward Jones | Finance Company | 5 min walk |
| Goosehead Insurance | Insurance | 5 min walk |
| Wells Fargo Bank | Bank | 9 min walk |
| The YMCA | Fitness | 9 min walk |
| The Fresh Market | Supermarket | 9 min walk |
HOTELS |
|
|---|---|
| Hampton by Hilton |
120 rooms
1 min drive
|
| Hyatt Place |
108 rooms
2 min drive
|
| Marriott |
285 rooms
3 min drive
|
| Holiday Inn |
161 rooms
7 min drive
|
PROPERTY TAXES
| Parcel Number | 0000562 | Improvements Assessment | £2,347,949 |
| Land Assessment | £456,715 | Total Assessment | £2,804,665 |
SALE ADVISOR
SALE ADVISOR
