Positioned in the heart of downtown Greensboro, 501 Guilford Avenue presents a rare opportunity to acquire a ±3.875-acre site with a ±11,688 SF industrial building and a ±21,000 SF elevated concrete deck. Zoned Light Industrial (LI), the property is ideal for redevelopment and offers a compelling canvas for residential, commercial, or mixed-use transformation. The site is adjacent to the Downtown Greenway, a major public infrastructure project slated for completion in late 2024/2025, which will connect over 80 miles of city trails and greenways. Currently utilized by Greensboro College’s Theatre Department for set fabrication and storage, the property is available for sale with flexible occupancy options, including lease-back or full vacancy. Its proximity to four major universities—UNC Greensboro, Greensboro College, Bennett College, and NC A&T State University—makes it a strategic location for student housing, entertainment venues, or recreation facilities. The surrounding area is experiencing a surge in investment, with over $800M in developments underway, including the AC Hotel/Carroll at Parkside and Spring Street Apartments. This site offers unmatched access to cultural institutions, parks, and civic amenities, making it a prime candidate for developers seeking to contribute to the vibrancy and growth of downtown Greensboro.