Industrial Site with
901 Dr Martin Luther King Jr Way Gastonia, NC 28054
901 Dr Martin Luther King Jr Way, Gastonia, NC, 28054
$1,450,000
For Sale
Under Contract
$1,450,000
COMMERCIAL - Gastonia, NC
Property Size6,676 SF
Lot Size2.09 Acres
Price / SF$217.20
Days on Market278
Property Features for 901 Dr Martin Luther King Jr Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- I-U
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Parking Lot
- Fencing
- Fenced, Chain Link
- Standard status
- Active Under Contract
- APN
- 305892
- Size
- 6,676 SF
- Lot size
- 2.09 Acres
Taxes and HOA fees
- Tax Description
- Book 4937 Page 2425 Lots 32 and 33
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Building materials
- Brick Full
Listing Agency
Coldwell Banker Realty
(704) 541-5111
3440 Toringdon Way, Suite 110, Statesville, NC
Listed by
Monica Posse
(704) 502-8409
Added: Oct 13, 2025 Checked: Jul 17 at 8:06 am
MLS# 4307868
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 2.09-acre industrial site includes a 6,676 SF main building with office and storage space. The property is designed for practical daily operations, with ample room for truck, fleet, or equipment parking. Onsite living quarters include a full bath, a kitchen with stove and sink, and a closet, supporting live/work or staff accommodations. The main building also features a fully equipped commissary with a gas line, suitable for catering and other food-based use.
The site offers approximately 170 feet of road frontage and additional onsite improvements, including more than 3,000 SF of garage and storage space for auxiliary use or expansion. The property is located in Gastonia, NC, at 901 Dr Martin Luther King Jr Way, and is described as minutes from Downtown Gastonia, the FUSE District, Highway 321, and I-85. Zoning is I-U.
For buyers and operators, the combination of warehouse-style storage, on-site office space, dedicated parking area, and a gas-equipped commissary can fit contractors, logistics-oriented users, and service providers that benefit from an integrated workspace and support facilities. Recent capital improvements were completed in 2024, including a new roof, upgraded HVAC system, full lot grading, and a redesigned drainage system, supporting long-term site durability and stability.
The site offers approximately 170 feet of road frontage and additional onsite improvements, including more than 3,000 SF of garage and storage space for auxiliary use or expansion. The property is located in Gastonia, NC, at 901 Dr Martin Luther King Jr Way, and is described as minutes from Downtown Gastonia, the FUSE District, Highway 321, and I-85. Zoning is I-U.
For buyers and operators, the combination of warehouse-style storage, on-site office space, dedicated parking area, and a gas-equipped commissary can fit contractors, logistics-oriented users, and service providers that benefit from an integrated workspace and support facilities. Recent capital improvements were completed in 2024, including a new roof, upgraded HVAC system, full lot grading, and a redesigned drainage system, supporting long-term site durability and stability.
Key Highlights
- High‑visibility 2.09‑acre industrial site, minutes from Downtown Gastonia, FUSE District, Highway 321, and I‑85.
- 6,676 SF main building with office and storage, plus onsite living quarters (full bath, kitchen).
- Fully equipped commissary with gas line, ideal for catering or food businesses.
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 | $173.8k | $26.04 |
| − Vacancy | −$17.7k | −$2.66 |
| EGI | $156.1k | $23.38 |
| − OpEx | −$39.0k | −$5.85 |
| NOI | $117.1k | $17.54 |
6,676 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $117,083 @ 7.0% cap · market cap 8.07%
Second Best
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $95,814 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,086 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- ABL Management Inc — 425 Dr M.L.K. Jr. Way, Gastonia, NC 28052
- rhodies food truck — 506 w harrison ave, gastonia, nc 28052
FAQs
What type of property is this?
Flex space - Industrial property with office and storage plus a fully equipped commissary with gas line for food-service or related operations.
Where is this flex space located?
The property is located at 901 Dr Martin Luther King Jr Way Gastonia, NC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: High‑visibility 2.09‑acre industrial site, minutes from Downtown Gastonia, FUSE District, Highway 321, and I‑85.; 6,676 SF main building with office and storage, plus onsite living quarters (full bath, kitchen).; Fully equipped commissary with gas line, ideal for catering or food businesses.
