Downtown Retail
414 W Main Avenue Gastonia, NC 28052
For Sale
$274,900
Retail property for sale featuring 1,628 sq. ft. on 0.18 acres in the Central Business District.
Property Size1,628 SF
Lot Size0.18 Acres
Price / SF$168.86
Days on Market634
Property Features for 414 W Main Avenue
General Information
- Standard status
- Active
- Size
- 1,628 SF
- Lot size
- 0.18 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing Agency:
(704) 594-1270
Listed By:
Keller Williams Ballantyne Area
(704) 594-1270
Source:
Xome
Added: Oct 28, 2024
Changed: Jul 22
Last Checked: Jul 23 at 3:50AM
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 Keller Williams Ballantyne Area
Investment Insights
Based on property information with market context.
This for-sale retail property consists of 1,628 sq. ft. situated on 0.18 acres. The building is located at 414 W. Main Avenue in the Central Business District.
The property is described as being just blocks from Ghost Pepper Baseball Stadium and within the Social District. The offering is presented as suitable for retail, office, or mixed-use development based on the owner’s stated intended flexibility.
The property is described as being just blocks from Ghost Pepper Baseball Stadium and within the Social District. The offering is presented as suitable for retail, office, or mixed-use development based on the owner’s stated intended flexibility.
Key Highlights
- 1,628 sq. ft. retail property for sale on 0.18 acres in the Central Business District (CBD)
- Located at 414 W. Main Ave in downtown Gastonia
- Guest facilities: 3
Financial Insights For 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 | $30.9k | $18.96 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $28.6k | $17.54 |
| − OpEx | −$8.6k | −$5.26 |
| NOI | $20.0k | $12.28 |
1,628 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$285.5K
$249.8K – $333.1K
NOI $19,986 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$512.4K
$448.4K – $597.8K
NOI $35,868 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail property for sale featuring 1,628 sq. ft. on 0.18 acres in the Central Business District.
Where is this retail space located?
The property is located at 414 W Main Avenue Gastonia, NC.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,628 sq. ft. retail property for sale on 0.18 acres in the Central Business District (CBD); Located at 414 W. Main Ave in downtown Gastonia; Guest facilities: 3
