Retail
New
For Sale
$274,900
414 W Main Avenue, Gastonia, NC 28052
The Central Business District property is identified for retail, office, or mixed-use possibilities.
Property Size1,628 SF
Lot Size0.18 Acres
Price / SF$168.86
Days on Market5
Property Features for 414 W Main Avenue
General Information
Standard status
Active
Size
1,628 SF
Lot size
0.18 Acres
Property subtype
Commercial
Building Details
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
Keller Williams Ballantyne Area
Listed By:
Lorenza Boone · License #240305
(704) 345-7016
Source:
Geoffcampbell
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:13PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront contains 1,628 square feet and occupies a 0.18-acre parcel. The building dates to 1958, and the stated use possibilities include retail, office, and mixed-use development.
At 414 W Main Avenue, the property is in Gastonia’s Central Business District and within the Social District. Ghost Pepper Baseball Stadium is a few blocks away.
At 414 W Main Avenue, the property is in Gastonia’s Central Business District and within the Social District. Ghost Pepper Baseball Stadium is a few blocks away.
Key Highlights
- 1,628 sq. ft. building on a 0.18‑acre parcel
- Built in 1958
- Located within Gastonia’s Central Business District and Social District
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.
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Property Analytics
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Open Analytics
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
Frequently Asked Questions
What type of property is this?
Storefront property - The Central Business District property is identified for retail, office, or mixed-use possibilities.
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: 1,628 sq. ft. building on a 0.18‑acre parcel; Built in 1958; Located within Gastonia’s Central Business District and Social District
