Freestanding Office
New
For Sale
$350,000
606 Chestnut Street, Gastonia, NC 28054
Commercial Sale, Gastonia, NC
Property Size1,330 SF
Lot Size0.38 Acres
Price / SF$263.16
Days on Market2
Property Features for 606 Chestnut Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Zoning description
C1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Appliances
Refrigerator
Standard status
Active
APN
222603
Lot size
0.38 Acres
Additional Details
Property Use
Office/Retail
Taxes and HOA fees
Tax Description
JOHN W JR & VIRGINIA LONG TRACT A 01 055 022 00 000
Legal Description
JOHN W JR & VIRGINIA LONG TRACT A 01 055 022 00 000
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1911
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick Full
Roof type
Shingle
Buildings
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(704) 541-5111
Listed By:
Nick Lancetti
(980) 999-0399
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 4437212
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.
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Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 1,330 square feet on a 0.38-acre lot. Its floor plan includes three private offices, a main room, a kitchen, and a bathroom. Brick construction, vinyl flooring, central heating and air conditioning, and a shingle roof are among the building’s physical features.
The property is zoned C-1 and connects to public sewer. Built in 1911, it also includes a refrigerator.
The property is zoned C-1 and connects to public sewer. Built in 1911, it also includes a refrigerator.
Key Highlights
- Approximately 1,330 square feet on a 0.38‑acre lot
- Floor plan includes three private offices, a main room, kitchen, and bathroom
- C‑1 zoning and public sewer connection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,325
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,500
$466.5K
Cap Rate 7%
$333,214
$333.2K
Cap Rate 9%
$259,167
$259.2K
Market Conditions
NOI Build-Up for 1,330 SF
Gross rent
$34.6K $26.04/SF
− Vacancy
−$3.5K −$2.66/SF
EGI
$31.1K $23.38/SF
− OpEx
−$7.8K −$5.85/SF
NOI
$23.3K $17.54/SF
Area
Gaston County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,500
Cap Rate 7%
$333,214
Cap Rate 9%
$259,167
Alternative Uses
Best Use
Office B
$333.2K
$291.6K – $388.8K
NOI $23,325 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.6K
$366.3K – $488.4K
NOI $29,303 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Explore this area
Business Placement
Demographics for 28054, NC
40,548
Population
18,351
Households
2.2
Avg Household Size
40
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
2,101
Density / Sq Mi
$59,524
Median Household Income
$39,883
Median Earnings
$1,150
Median Rent
$220,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Three private offices and a shared main room support a compact, flexible business layout.
Where is this office building located?
The property is located at 606 Chestnut Street Gastonia, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,330 square feet on a 0.38‑acre lot; Floor plan includes three private offices, a main room, kitchen, and bathroom; C‑1 zoning and public sewer connection
