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    Gastonia Entertainment Venue For Sale Title is generated by Realmo AI

    334 W Main Avenue, Gastonia, NC 28052

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    For Sale
    $1,100,000

    Fully operational live music and event venue in downtown Gastonia.

    Type:Commercial
    Property size:
    3,696 SF
    Price / SF:
    $297/SF
    Added:
    Jan 9, 2026
    Days on Market:
    147
    Last Refresh:
    May 10 at 11:01 pm

    Property Features for 334 W Main Avenue

    General Information

    Standard status
    Active
    Size
    3,696 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1915

    We can help!

    Listing Contact
    TRACY WANNER
    TRACY WANNER

    Listing agent TRACY WANNER License #280117

    Listing office YANCEY REALTY, LLC

    Listing date Jan 9, 2026

    Source Corcoran

    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 YANCEY REALTY, LLC

    HighLights

    • Fully operational live music and event venue in Gastonia's thriving downtown.
    • Turnkey opportunity with option to include existing equipment.
    • Flexible, open‑concept layout accommodates various event sizes.
    • High visibility and accessibility, near dining, boutiques, and highways.
    • Located in an opportunity zone.
    • Recently renovated in 2022 with updated systems (HVAC, etc.).

    Overview

    Located in Gastonia's downtown district, the property at 334 W Main Avenue is a live music and event venue with 41 feet of road frontage. Built in 1915 and renovated in 2022, this property offers spacious seating areas, numerous tables, and a fully equipped bar, creating an inviting atmosphere. The venue has a capacity of 190 people when used as a music venue, with the possibility of adjusting based on the venue's use. The open-concept layout accommodates events of all sizes, from performances and private gatherings to concerts and social celebrations. The property is available for sale with the option to include existing equipment. Located within walking distance of dining, boutiques, and cultural attractions, and minutes from major highways, this venue has visibility and accessibility. The property is located in an opportunity zone. The building size is 3,696 square feet. All systems, including HVAC, have been updated. The property is suitable for hospitality entrepreneurs, event promoters, or those seeking to bring a new concept to life.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Rooster Nightclub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Double Barrel Saloon — 508 W Main Ave, Gastonia, NC 28052
    • Nonnies Bonnies — 309 S King St, Gastonia, NC 28052
    • Legends Bar and Lounge — 420 W Main Ave, Gastonia, NC 28052
    • Leather & Lace Gastonia — 512 W Main Ave, Gastonia, NC 28052
    • Shepp's Venue — 1206 W Franklin Blvd, Gastonia, NC 28052

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1864
    Latitude
    35.264

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    FAQs

    What type of property is this?
    Night club - Fully operational live music and event venue in downtown Gastonia.
    Where is this night club located?
    The property is located at 334 W Main Avenue Gastonia, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Fully operational live music and event venue in Gastonia's thriving downtown.; Turnkey opportunity with option to include existing equipment.; Flexible, open‑concept layout accommodates various event sizes.
    (704) 577-9055
    We can help!
    Listing Contact
    TRACY WANNER
    TRACY WANNER
    Real Estate License ID: 280117
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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