Gastonia Industrial Site For
901 Dr Martin Luther King Jr Way, Gastonia, NC 28054
COMMERCIAL - Gastonia, NC
Property size:
6,676 SFLot size:
2.09 AcresPrice / SF:
$217/SF- Added:
- Oct 13, 2025
- Days on Market:
- 231
- Last Refresh:
- May 31 at 7:06 pm
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 2, Bathroom 1
- Parking features
- Parking Lot
- Fencing
- Chain Link, Fenced
- 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 agent Monica Posse (704) 502-8409
Listing office Coldwell Banker Realty 3440 Toringdon Way, Suite 110, Statesville, NC (704) 541-5111
Listing date Oct 13, 2025
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.
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.
- Over 3,000 SF of additional garage and storage space.
- Recent (2024) capital improvements include new roof, upgraded HVAC, full lot grading, redesigned drainage.
- Ample space for truck, fleet, or equipment parking.
Overview
This 2.09-acre industrial site offers high visibility and is located minutes from Downtown Gastonia, the FUSE District, Highway 321, and I-85. The property includes a 6,676 SF main building with office and storage space, featuring approximately 170 feet of road frontage and ample space for truck, fleet, or equipment parking. The site is suitable for contractors, logistics firms, or service providers. It also includes on-site living quarters with a full bath, kitchen with stove and sink, and a closet, ideal for live/work setups or staff accommodations. The main building features a fully equipped commissary with a gas line, suitable for catering operations or other food-based businesses. Additional on-site structures offer over 3,000 SF of garage and storage space, providing flexibility for expansion or auxiliary use. Recent capital improvements completed in 2024 include a new roof, upgraded HVAC system, full lot grading, and a redesigned drainage system. The property is zoned I-U and is a candidate for adaptive reuse such as an industrial hub, food incubator, or maker space.
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
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,312 @ 7.0% cap · market cap 6.78%
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 Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- ABL Management Inc — 425 Dr M.L.K. Jr. Way, Gastonia, NC 28052
- rhodies food truck — 506 w harrison ave, gastonia, nc 28052
Map
- City
- Gastonia
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.182283
- Latitude
- 35.276425
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 2.09-acre industrial site near Downtown Gastonia, NC.
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.
