Historic District Office Building For
For Sale
$894,999
402 S Chester Street, Gastonia, NC 28052
Restored historic building in Gastonia's Historic District with O-1 zoning.
Property Size4,666 SF
Price / SF$191.81
Days on Market403
Property Features for 402 S Chester Street
General Information
Standard status
Active
Size
4,666 SF
Property subtype
Commercial
Building Details
Year Built
1905
Listing Agency:
TOWNSEND REALTY GROUP
(704) 964-5124
Listed By:
JIM TOWNSEND · License #243042
Source:
Corcoran
Added: Jun 23, 2025
Changed: Jul 6
Last Checked: Jul 30 at 1:22PM
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 TOWNSEND REALTY GROUP
Investment Insights
Based on property information with market context.
Located in the highly sought-after Historic District, this property features road frontage on a corner lot and ample rear parking. The building has been completely restored and renovated from top to bottom, including two new HVAC systems, a Rinnai tankless water heater, and upgraded electrical panels. Hardwired smoke and CO2 detectors and a CPI security system are in place. The property offers nearly 5,000 sqft of space with soaring ceilings, meticulously restored to maintain its historic charm. The O-1 Zoning designation allows for a variety of uses. Permitted uses include offices for law, financial, medical, dental, health, and behavioral care, as well as arts and craft studios. Supplemental uses include family child care homes, assisted living centers, group homes, independent living centers, private dining clubs, churches or places of worship, single-family residences, and schools (public or private). Conditional uses include medical facilities, continuing care facilities, veterinarian animal hospitals, indoor fraternal or service organization meeting facilities, multi-family residences, and maternity homes.
Key Highlights
- Completely restored and renovated from top to bottom with new systems (HVAC, water heater, electrical).
- Prime location in highly sought‑after Historic District on a corner lot with road frontage and rear parking.
- Versatile O‑1 Zoning allows for a wide range of permitted uses (offices, studios, residential, care facilities, etc.).
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 | $121.5k | $26.04 |
| − Vacancy | −$12.4k | −$2.66 |
| EGI | $109.1k | $23.38 |
| − OpEx | −$27.3k | −$5.85 |
| NOI | $81.8k | $17.54 |
4,666 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,832 @ 7.0% cap · market cap 9.14%
Second Best
Healthcare Medical
$928.4K
$812.3K – $1.08M
NOI $64,987 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.47M
$1.29M – $1.71M
NOI $102,801 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Under-served
Demand for This Use
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
Market
Properties on Market for Office Spaces in Gastonia
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DTEL — 251 W Main Ave, Gastonia, NC 28052
- Mark & Chrissy — 202 W 10th Ave, Gastonia, NC 28052, United States
- AnswerLive — 219 W Main Ave #10, Gastonia, NC 28052
- Championship Networks — 335 E Second Ave, Gastonia, NC 28054
Frequently Asked Questions
What type of property is this?
Office space - Restored historic building in Gastonia's Historic District with O-1 zoning.
Where is this office space located?
The property is located at 402 S Chester Street Gastonia, NC.
What is the asking price?
The asking price for this property is $894,999.
What are key features of this property?
This property features: Completely restored and renovated from top to bottom with new systems (HVAC, water heater, electrical).; Prime location in highly sought‑after Historic District on a corner lot with road frontage and rear parking.; Versatile O‑1 Zoning allows for a wide range of permitted uses (offices, studios, residential, care facilities, etc.).
