720 Summit Ave

Investment Overview

Two-story office building totaling approximately 13,700 SF on approximately 0.71 acres at Summit Avenue and Dewey Street in Greensboro. Offered for sale at $2,239,000. The former bank property features ample surface parking, an existing drive-through canopy and one-way vehicle loop, and a private second-floor entrance. The roof and five Trane rooftop HVAC units were replaced in 2019. GOM zoning and a location approximately 1.5 miles from Moses Cone Hospital offer potential for office, medical, nonprofit and other compatible users, subject to use approvals and required improvements. Approximately 6,850 SF is also available for lease at $20/SF NNN, demisable to up to four suites. Co-listed with Lauren Bremer, The Nichols Company.

Investment Highlights

• ±13,700 SF two-story office building on ±0.71 acres
• Asking price: $2,239,000 (approximately $163/SF)
• ±6,850 SF available for lease at $20/SF NNN; demisable to up to four suites
• Private second-floor entrance and ample surface parking
• Existing bank drive-through canopy and one-way vehicle loop
• New roof and five Trane rooftop HVAC units in 2019
• GOM zoning; approximately 1.5 miles from Moses Cone Hospital