Former Live Nation Exclusively Booked Venue

NAI Piedmont Triad is pleased to exclusively present a rare and unique investment offering on Ten-X to acquire a +/- 11,206-square-foot indoor music venue with FF&E and tremendous upside in the heart of Downtown Greensboro, North Carolina. 117-119 S Elm Street was constructed in 1949 on 0.15 acres along Elm Street, a dynamic retail corridor with entertainment venues, restaurants, museums, hotels, and offices. The venue has a variety of floor plans for seating configurations depending on the artist/show. The venue can accommodate reserved seating for approximately 528 guests, and the general admission & reserved seating maximum capacity is roughly 900 guests. The property includes a lounge with a bar that is accessible from Elm Street with its own entrance, and there is full-standing general admission to cabaret tables with cocktail service. All FF&E, including lighting and sound equipment, conveys with the property.

Guests can easily find parking at the Davie Street Parking Deck and Greene Street Parking Direct at the City's prevailing rates, in addition to street parking. Behind the venue there is 80x15 foot recorded parking easement, clearly notated on the survey. The shared access easement permits exclusive use for the venue from 6 am on the day of the show until 4 am the following day (22 hours). This easement starts at East Market Street and extends 220 feet to the rear of 117 S Elm Street. There is additional tour bus and trailer parking in the front of the Davie Street Parking Deck, including access to the lift. The asset is currently occupied but will be conveyed vacant to a new owner.

Strategically positioned in the Piedmont Triad region, Greensboro enjoys seamless connectivity to major markets such as Charlotte, Raleigh-Durham, and Atlanta. Its proximity to Interstates 40, 85, and 73 ensures effortless access to the greater area. Greensboro boasts a diverse and robust economic base encompassing advanced manufacturing, logistics, technology, healthcare, and education sectors. Greensboro presents a fertile ground for business expansion, and the city's robust GDP growth and competitive business incentives make it an ideal choice for investors looking to capitalize on sustainable economic development. 117-119 S Elm Street is located within a federally designated opportunity zone, creating the potential for capital gains tax deferment. Greensboro is renowned for its vibrant arts scene, world-class educational institutions, and a welcoming community atmosphere. The city is host to numerous cultural festivals, museums, and recreational opportunities.

Don't miss out on a remarkable investment opportunity to help redefine Downtown Greensboro with the acquisition and lease-up of 117-119 S Elm Street.

Tours by appointment only. Please reach out to Brendan Richardson to schedule a tour.