Corner Convenience Retail
1003 York Road Kings Mountain, NC 28086
For Sale
$750,000
Two-parcel corner site on NC Hwy 161 with strong NCDOT traffic count and retail- and food-service friendly positioning.
Lot Size0.86 Acres
Days on Market15
Property Features for 1003 York Road
General Information
Standard status
Active
Lot size
0.86 Acres
Property subtype
Gas Station with Convenience Store
Building Details
Year Built
1959
Listing Agency:
Point 135 Real Estate
(704) 473-0958
Listed By:
Russ Putnam
(704) 473-0958
Source:
Blackstreaminternational
Added: Jul 16
Changed: Jul 27
Last Checked: Jul 30 at 5:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Point 135 Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property consists of two parcels totaling .86+/- acres, located on a corner at York Rd and Lake Montonia Rd. The site’s described retail focus supports compatible use for food service, a gas station/convenience store, or other retail development, subject to applicable approvals.
The property is located +/-.25 miles off I-85 (Exit 8) and sits along NC Hwy 161 at the intersection of Lake Montonia Road. It is approximately one exit north and about 3 miles from Two Kings Casino, and it is described as being +/-.2 miles north of Southern Artisan Spirits. The NCDOT 2024 traffic count is listed as 10,500.
The property’s corner configuration and highway access make it a practical choice for businesses that benefit from high-visibility retail presence along NC Hwy 161.
The property is located +/-.25 miles off I-85 (Exit 8) and sits along NC Hwy 161 at the intersection of Lake Montonia Road. It is approximately one exit north and about 3 miles from Two Kings Casino, and it is described as being +/-.2 miles north of Southern Artisan Spirits. The NCDOT 2024 traffic count is listed as 10,500.
The property’s corner configuration and highway access make it a practical choice for businesses that benefit from high-visibility retail presence along NC Hwy 161.
Key Highlights
- Two‑parcel corner site totaling 0.86+/- acres at the intersection of York Rd and Lake Montonia Rd on NC Hwy 161
- Traffic count of 10,500 (NCDOT 2024) on NC Hwy 161
- Located +/-0.25 miles off I‑85 (Exit 8) at NC Hwy 161
Financial Insights For Specialty 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 | $35.3k | $18.00 |
| − Vacancy | −$2.3k | −$1.15 |
| EGI | $33.0k | $16.85 |
| − OpEx | −$8.3k | −$4.21 |
| NOI | $24.8k | $12.64 |
1,959 SF · lease $18.00/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$353.6K
$309.4K – $412.6K
NOI $24,754 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$335.3K
$293.4K – $391.2K
NOI $23,474 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$497.5K
$435.3K – $580.4K
NOI $34,825 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - Two-parcel corner site on NC Hwy 161 with strong NCDOT traffic count and retail- and food-service friendly positioning.
Where is this gas station located?
The property is located at 1003 York Road Kings Mountain, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑parcel corner site totaling 0.86+/- acres at the intersection of York Rd and Lake Montonia Rd on NC Hwy 161; Traffic count of 10,500 (NCDOT 2024) on NC Hwy 161; Located +/-0.25 miles off I‑85 (Exit 8) at NC Hwy 161
