117 Elm StGreensboro, NC 27401

This exceptional 11,206-square-foot entertainment venue, located at 117 S Elm St in Greensboro, North Carolina, presents a unique investment opportunity. Built in 1949 and situated on two stories, this property boasts a prime location within the Downtown Greensboro Historic District and is designated as an Opportunity Zone. The permitted zoning is CB. The asking price is $1,500,000. The building currently operates as a bar and music venue with a capacity of up to 900 patrons. A key feature is a separate lounge area with its own Elm Street entrance, complete with a bar. All fixtures, furniture, and equipment (FFE), including comprehensive lighting and sound systems, are included in the sale. The flexible floor plan allows for diverse seating configurations to accommodate various artists and show formats, ranging from full standing general admission to cabaret-style seating with cocktail service. Convenient parking is available at nearby city-operated parking decks on Davie and Greene Streets at prevailing rates. This established business offers immediate income potential and significant upside in a vibrant and growing urban core.