Remodeled Office
116 W 3rd Avenue #2, Gastonia, NC 28052
For Sale
New
Contact for pricing
UMU zoning supports a range of commercial activities, including office, service, retail, and medical uses.
Property Size1,996 SF
Price / SF$1.85
Days on Market7
Property Features for 116 W 3rd Avenue #2
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Highway Access
Property Use
Amenities
kitchen
meeting rooms
reception lobby
pergola covered entrance
Architectural Shingle
Public Sewer
Additional parcels description:, Parcel Number: 108633, Assessed Value: $236,410, Zoning: UMU
Concrete, Vinyl
Central Air
Central, Natural Gas
Listing ID: CAR4440720, Standard Status: Active, MLS Status: Active, Property Subtype: Office
15 open parking spaces, 15 total parking spaces, Other Parking: 15+ spaces available, Parking Lot
Built in 1996, Living area: 2266, 1 building, Construction Materials: Vinyl
County/Parish: Gaston
City
3 total bathrooms
Electricity Connected, Natural Gas, Water Source: City
Slab
Internet
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Other - See Remarks
Two or More Access Exits, Door Width 32 Inches or More, Lever Door Handles, Swing In Door(s), Hall Width 36 Inches or More, Handicap Parking, Mobility Friendly Flooring, Wheelchair Height Mailbox, Zero-Grade Entry
Building Details
Building Size
Year Built
Listing Agency:
Buddy Harper Team Realty
(704) 879-7155
Listed By:
Kelly Cruise · License NC #260008
(704) 747-3344
Source:
Blackstreaminternational
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 10 at 7:51AM
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 Buddy Harper Team Realty
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Investment Insights
Based on property information with market context.
The 2,266-square-foot office suite at 116 W 3rd Avenue includes large offices, reception and lobby areas, meeting rooms, a kitchen, and three restrooms. A pergola-covered entrance, new HVAC system, and remodeled interior are among the property’s features. Utilities are included, and the space is offered for lease.
The property is in downtown Gastonia, with access to Interstate 85 and Charlotte Douglas International Airport. Its UMU (Urban Mixed Use) zoning accommodates office, service, nonprofit, retail, medical, and other general commercial uses. On-site parking provides more than 15 spaces.
The property is in downtown Gastonia, with access to Interstate 85 and Charlotte Douglas International Airport. Its UMU (Urban Mixed Use) zoning accommodates office, service, nonprofit, retail, medical, and other general commercial uses. On-site parking provides more than 15 spaces.
Key Highlights
- 2,266 square feet with offices, reception and lobby areas, and meeting rooms
- Kitchen and three restrooms
- Remodeled interior and new HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,299
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,980
$646.0K
Cap Rate 7%
$461,414
$461.4K
Cap Rate 9%
$358,878
$358.9K
Market Conditions
NOI Build-Up for 2,266 SF
Gross rent
$47.6K $21.00/SF
− Vacancy
−$4.5K −$2.00/SF
EGI
$43.1K $19.01/SF
− OpEx
−$10.8K −$4.75/SF
NOI
$32.3K $14.25/SF
Area
Gaston County, NC
Vacancy
9.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,980
Cap Rate 7%
$461,414
Cap Rate 9%
$358,878
Alternative Uses
Best Use
Office B
$461.4K
$403.7K – $538.3K
NOI $32,299 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.8K
$698.9K – $931.9K
NOI $55,915 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,561
Businesses Nearby
Explore this area
Business Placement
Demographics for 28052, NC
35,332
Population
15,561
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
83%
High-School Grad
41.4 sq mi
ZIP Area
853
Density / Sq Mi
$46,015
Median Household Income
$34,339
Median Earnings
$1,058
Median Rent
$173,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in Gaston County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - UMU zoning supports a range of commercial activities, including office, service, retail, and medical uses.
Where is this office unit located?
The property is located at 116 W 3rd Avenue #2 Gastonia, NC.
What are key features of this property?
This property features: 2,266 square feet with offices, reception and lobby areas, and meeting rooms; Kitchen and three restrooms; Remodeled interior and new HVAC system
