Property profile

2922 Union Rd Gastonia, NC 28054

FOR SALE
Commercial real estate
Property ID
US53-2104321
10.66 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 10.66-acre commercial parcel presents a prime development opportunity on highly desirable Union Road in Gastonia, NC. The property boasts approximately 340 feet of road frontage, providing excellent visibility and accessibility. Previously improved with residential structures, the land is now cleared at the front, featuring a circular driveway for convenient access. While currently zoned residential, the cleared site is ready for immediate development, offering significant potential for various commercial uses. The property's strategic location offers close proximity to Martha Rivers Park and its recreational amenities, along with a variety of shopping, dining, and business options. Adding to its appeal, the property backs up to the gated Heatherloch neighborhood, providing a desirable backdrop. A well is currently installed on the site, although city water is also readily available. The remaining smaller storage shed/garage structures on the property are not factored into the asking price of $895,000. This is a rare opportunity to acquire a substantial, cleared commercial lot in a thriving Gastonia location. The site's size, location, and accessibility make it an ideal investment for developers seeking a high-impact project. Don't miss this chance to secure this exceptional property and capitalize on its immense potential.

Property profile

Verified
Property type Commercial real estate
Year built 2024
Lot 10.66 ac (464,350 SF)
UPID US53-2104321

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2922 Union Rd Gastonia, NC 28054
Gastonia metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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