Freestanding Mixed-Use
New
For Sale
$350,000
606 Chestnut Street, Gastonia, NC 28054
The interior combines three private offices, a central room, and a kitchen in a compact commercial layout.
Property Size1,330 SF
Lot Size0.38 Acres
Price / SF$263.16
Days on Market6
Property Features for 606 Chestnut Street
General Information
Standard status
Active
Size
1,330 SF
Lot size
0.38 Acres
Property subtype
Commercial
Additional Details
Property Use
Office/Retail
Amenities
Central air
Central Air Cooling
Vinyl Flooring
Building Details
Year Built
1911
Buildings
1
Listing Agency:
COLDWELL BANKER REALTY
(704) 541-5111
Listed By:
NICK LANCETTI · License #120020
(980) 999-0399
Source:
Corcoran
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 4:16PM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This freestanding mixed-use property contains approximately 1,330 square feet on a 0.38-acre lot. Its floor plan includes three private offices, a main room, and a kitchen. The building dates to 1911.
Located at 606 Chestnut Street in Gastonia, the property is offered for sale. Buyers should verify permitted uses and suitability for their intended business.
Located at 606 Chestnut Street in Gastonia, the property is offered for sale. Buyers should verify permitted uses and suitability for their intended business.
Key Highlights
- 1,330 square feet on a 0.38‑acre lot
- Three private offices, a main room, and a kitchen
- Built in 1911
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
Mixed Use
$272.7K
$238.6K – $318.1K
NOI $19,088 @ 7.0% cap · market cap 5.45%
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
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The interior combines three private offices, a central room, and a kitchen in a compact commercial layout.
Where is this mixed-use property 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: 1,330 square feet on a 0.38‑acre lot; Three private offices, a main room, and a kitchen; Built in 1911
