The Historic S.H. Kress & Co Building 212 S Elm St
45,310 SF Vacant Office Building Greensboro, NC 27401 $4,039,392 CAD ($89.15 CAD/SF)



INVESTMENT HIGHLIGHTS
- Iconic Art Deco mixed-use building in the heart of downtown Greensboro offering retail, office, event, and residential space.
- Benefit from beautifully restored Art Deco details, a fully finished basement, and a covered walkway to a parking deck.
- Opportunity Zone
- Featuring Kress Terrace, an elegant banquet hall that opens to an expansive outdoor terrace that overlooks downtown.
- Situated in the heart of downtown Greensboro within steps of Triad Stage, Blue Denim restaurant, and more.
EXECUTIVE SUMMARY
The Kress Building, located at 212 Elm Street, is an iconic downtown property in Greensboro, North Carolina. Containing ±45,310-square-feet across five floors and a basement, the building was delivered in 1930 and designed by architect Edward Sibbert. Property features include beautifully restored Art Deco exterior and interior details, a fully finished basement, and a covered walkway to an adjacent parking deck.
Benefit from a mixed-use property in an opportunity zone. Premium retail space for shops or a restaurant can be found on the ground level. The second through fourth floors feature office space with open and adaptable floorplans. Additionally, there is a luxury residential apartment flooded with natural light on the fifth floor.
Kress Terrace, an elegant ±2,250-square-foot interior banquet hall, is located on the property's fourth floor. This beautiful venue also features an expansive 4,500-square-foot outdoor terrace that overlooks the heart of downtown Greensboro. The interior space can accommodate 150 seated guests or 175 guests for a cocktail reception. Combined with the adjoining rooftop terrace, Kress Terrace may accommodate up to 400 individuals. This all-weather, year-round event venue is ideal for weddings, rehearsal dinners, business receptions, seminars, luncheons, and more.
The centrally located Kress Building shares a city block with Triad Stage, Greensboro Day Spa & Salon, and Blue Denim, Los Chico's, and Liberty Oak restaurants. 212 Elm Street sits within a block of E Market Street, which connects to S. O Henry Boulevard within moments.
Property tours are available by appointment only, please contact the listing broker to schedule.
Benefit from a mixed-use property in an opportunity zone. Premium retail space for shops or a restaurant can be found on the ground level. The second through fourth floors feature office space with open and adaptable floorplans. Additionally, there is a luxury residential apartment flooded with natural light on the fifth floor.
Kress Terrace, an elegant ±2,250-square-foot interior banquet hall, is located on the property's fourth floor. This beautiful venue also features an expansive 4,500-square-foot outdoor terrace that overlooks the heart of downtown Greensboro. The interior space can accommodate 150 seated guests or 175 guests for a cocktail reception. Combined with the adjoining rooftop terrace, Kress Terrace may accommodate up to 400 individuals. This all-weather, year-round event venue is ideal for weddings, rehearsal dinners, business receptions, seminars, luncheons, and more.
The centrally located Kress Building shares a city block with Triad Stage, Greensboro Day Spa & Salon, and Blue Denim, Los Chico's, and Liberty Oak restaurants. 212 Elm Street sits within a block of E Market Street, which connects to S. O Henry Boulevard within moments.
Property tours are available by appointment only, please contact the listing broker to schedule.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- Historic Plans
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
45,310 SF
Building Class
B
Year Built/Renovated
1930/2000
Price
$4,039,392 CAD
Price Per SF
$89.15 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
10,000 SF
Slab To Slab
14’
Building FAR
1.04
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
CB - Commercial Business
AMENITIES
- Bus Line
- Restaurant
- Signage
- Roof Terrace
- Basement
- Balcony
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
Parcel Number | 0000019 | Improvements Assessment | $7,585,978 CAD |
Land Assessment | $578,210 CAD | Total Assessment | $8,164,188 CAD |