Downtown Belmont Multi-Tenant Office
104 Kenwood Street Belmont, NC 28012
104 Kenwood Street, Belmont, NC, 28012
$1,500,000
For Sale
$1,500,000
SINGLE_FAMILY - Belmont, NC
Property Size5,000 SF
Lot Size0.27 Acres
Price / SF$300
Days on Market107
Property Features for 104 Kenwood Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 14
- Parking features
- Parking Lot
- Security features
- Security System
- Window features
- Insulated Windows
- Patio and Porch features
- Porch
- Appliances
- Dishwasher, Electric Oven, Electric Range, Refrigerator with Ice Maker
- Standard status
- Active
- APN
- 125464
- Size
- 5,000 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- GLENWOOD ON THE SQ CONDO UNIT E 04 006 082 07 000
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Heat Pump, Ceiling Fan(s), Central Air, Multi Units, Electric
Building Details
- Year built
- 1989
- Flooring type
- Wood, Laminate, Linoleum, Tile, Carpet
- Building materials
- Brick Full, Vinyl
- Roof type
- Shingle
Listing Agency
Cottage Keepers of Gaston County
(704) 829-0367
PO Box 663, Belmont, NC
Listed by
Katie Goforth · License #275264
(704) 718-6992
Added: Apr 3 Checked: Jul 18 at 8:06 pm
MLS# 4363301
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick multi-tenant commercial office building, designed with adaptability, is located in the heart of Downtown Belmont. The professional center, with just under 5,000 square feet, is zoned as NCC - Neighborhood Center Commercial. It is suitable for businesses seeking an established location with versatile space configurations and potential live-work environments, as two units have full kitchens and full baths. The property is ideal for professional services such as legal, accounting, medical, or creative agencies, and includes 14 designated on-site parking spaces. Currently 100% leased and configured into 4 tenant units, the property has a variety of lease expirations to allow for potential owner absorption and immediate investment cash flow. All 7 condo units are for sale under this listing. Belmont is experiencing a dynamic growth phase, fueled by its textile heritage and a modern entrepreneurial spirit. The city's strategic plan prioritizes economic development, ensuring a critical mass of successful businesses and a vibrant downtown atmosphere. Positioned 15 minutes from Charlotte Douglas International Airport and 20 minutes from Charlotte's city center, the location provides connectivity to the global market while offering the lower overhead and high quality of life of Gaston County. Located in a highly walkable district, the office is near local establishments such as the Old Stone Steakhouse, Cherub's Cafe, New York Butcher Shoppe and Stowe Park, which hosts the Belmont Farmers Market.
Key Highlights
- 100% leased with 4 tenant units, providing immediate investment cash flow.
- Located in Downtown Belmont, a rapidly growing small‑town economy.
- NCC zoning allows for versatile space configurations and potential live‑work environments.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.2k | $26.04 |
| − Vacancy | −$13.3k | −$2.66 |
| EGI | $116.9k | $23.38 |
| − OpEx | −$29.2k | −$5.85 |
| NOI | $87.7k | $17.54 |
5,000 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,690 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,160 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Adaptable commercial office building in downtown Belmont, North Carolina.
Where is this office building located?
The property is located at 104 Kenwood Street Belmont, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 100% leased with 4 tenant units, providing immediate investment cash flow.; Located in Downtown Belmont, a rapidly growing small‑town economy.; NCC zoning allows for versatile space configurations and potential live‑work environments.
