Brick Storefront
For Sale
$274,900
414 W Main Avenue, Gastonia, NC 28052
Commercial Sale, Gastonia, NC
Property Size1,628 SF
Lot Size0.18 Acres
Price / SF$168.86
Days on Market555
Property Features for 414 W Main Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
RET01
Parking features
Driveway
Lot features
Level
Standard status
Active
APN
105957
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
FANNIE MORROW EST L P/3 01 038 042 00 000
Legal Description
FANNIE MORROW EST L P/3 01 038 042 00 000
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Building materials
Brick Full
Listing Agency:
Keller Williams Ballantyne Area · Keller Williams Realty
(704) 887-6600
Listed By:
Lorenza Boone · License #240305
(704) 594-1270
Added: Apr 3, 2025
Changed: Oct 8
Last Checked: Oct 9 at 6:06PM
MLS# 4242750
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick storefront property was built in 1958 and occupies a 0.18-acre site. The property has driveway parking and is served by public water and public sewer.
At 414 W. Main Avenue, the property is in Gastonia’s Central Business District and Social District. Gastonia’s Ghost Pepper Baseball Stadium is several blocks away.
At 414 W. Main Avenue, the property is in Gastonia’s Central Business District and Social District. Gastonia’s Ghost Pepper Baseball Stadium is several blocks away.
Key Highlights
- 0.18‑acre site in downtown Gastonia
- Brick construction; built in 1958
- Driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,986
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,720
$399.7K
Cap Rate 7%
$285,514
$285.5K
Cap Rate 9%
$222,067
$222.1K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$30.9K $18.96/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$28.6K $17.54/SF
− OpEx
−$8.6K −$5.26/SF
NOI
$20.0K $12.28/SF
Area
Gaston County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,720
Cap Rate 7%
$285,514
Cap Rate 9%
$222,067
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Hotels & Casinos 15%
Wells Fargo
Shops & Services
8,496 visits/mo
0.4 miles
Truist
Shops & Services
6,542 visits/mo
0.2 miles
The Esquire Hotel Downtown Gastonia, Ascend Hotel Collection
Hotels & Casinos
3,451 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
1,711 visits/mo
0.2 miles
Mr. Tire
Shops & Services
1,197 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - A downtown Gastonia property with driveway parking and public water and sewer service.
Where is this storefront property 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: 0.18‑acre site in downtown Gastonia; Brick construction; built in 1958; Driveway parking
