Gastonia Investment
414 W Main Avenue Gastonia, NC 28052
For Sale
$274,900
SINGLE_FAMILY - Gastonia, NC
Property Size1,628 SF
Lot Size0.18 Acres
Price / SF$168.86
Days on Market480
Property Features for 414 W Main Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Driveway
- Standard status
- Active
- APN
- 105957
- Size
- 1,628 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- FANNIE MORROW EST L P/3 01 038 042 00 000
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Building materials
- Brick Full
Listing Agency:
Keller Williams Ballantyne Area
(704) 887-6600
Listed By:
Lorenza Boone · License #240305
(704) 594-1270
Added: Apr 3, 2025
Changed: May 19
Last Checked: Jul 26 at 3:06PM
MLS# 4242750
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.
Located at 414 W. Main Ave in Gastonia, North Carolina, this property offers an investment opportunity in the heart of the Central Business District. The 1,628 sq. ft. property is situated on 0.18 acres. It is located blocks from Gastonia's Ghost Pepper Baseball Stadium and within the Social District. The property is suitable for retail, office, or mixed-use development. The location benefits from high visibility and pedestrian traffic, with proximity to dining, entertainment, and cultural attractions. This property offers potential for investors or business owners looking to capitalize on the area's growth.
Key Highlights
- Prime location in the heart of Gastonia's Central Business District.
- Located within the thriving Social District and near the Ghost Pepper Baseball Stadium.
- High visibility and pedestrian traffic.
Financial Insights For Retail
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 | $30.9k | $18.96 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $28.6k | $17.54 |
| − OpEx | −$8.6k | −$5.26 |
| NOI | $20.0k | $12.28 |
1,628 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$285.5K
$249.8K – $333.1K
NOI $19,986 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$512.4K
$448.4K – $597.8K
NOI $35,868 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Prime location in Gastonia's thriving Central Business District.
Where is this retail space located?
The property is located at 414 W Main Avenue Gastonia, NC.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Prime location in the heart of Gastonia's Central Business District.; Located within the thriving Social District and near the Ghost Pepper Baseball Stadium.; High visibility and pedestrian traffic.
