Flex Space with Concrete
For Sale
$1,000,000
Pending
702 Linwood Road, Gastonia, NC 28052
Commercial Sale, Gastonia, NC
Property Size8,000 SF
Lot Size0.65 Acres
Days on Market241
Property Features for 702 Linwood Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Security features
Security System
Lot features
Corner Lot, Paved
Directions
From NC-7 W, turn left onto Broad St, turn right onto E Franklin Blvd, turn left onto Linwood Rd, property will be on the left
Standard status
Pending
APN
111829
Lot size
0.65 Acres
Taxes and HOA fees
Tax Description
01 073 010 00 000
Legal Description
01 073 010 00 000
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Listing Agency:
Keller Williams Connected · Keller Williams Realty
(803) 835-2300
Listed By:
Merritt Croom
(803) 371-2818
Added: Feb 10
Changed: Oct 8
Last Checked: Oct 9 at 6:06PM
MLS# 4344780
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 block flex property in Gastonia has an open interior, concrete flooring, exposed steel trusses, and overhead lighting. Recent improvements include a roof, HVAC, and plumbing updates. The building also has central heating and air conditioning, a bathroom, and a parking lot. Public sewer serves the property.
Set on a corner lot with street frontage, the 0.65-acre site was built in 1950. The property has multiple entry points and is presented for warehouse, light industrial, retail, or creative uses.
Set on a corner lot with street frontage, the 0.65-acre site was built in 1950. The property has multiple entry points and is presented for warehouse, light industrial, retail, or creative uses.
Key Highlights
- 0.65‑acre corner lot with street frontage
- Block construction; built in 1950
- Open layout with concrete floors and exposed steel trusses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,140
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,800
$1.2M
Cap Rate 7%
$830,571
$830.6K
Cap Rate 9%
$646,000
$646.0K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$72.0K $9.00/SF
− Vacancy
−$3.6K −$0.45/SF
EGI
$68.4K $8.55/SF
− OpEx
−$10.3K −$1.28/SF
NOI
$58.1K $7.27/SF
Area
Gaston County, NC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,800
Cap Rate 7%
$830,571
Cap Rate 9%
$646,000
Alternative Uses
Best Use
Warehouse
$830.6K
$726.8K – $969.0K
NOI $58,140 @ 7.0% cap · market cap 5.81%
Second Best
Industrial
$753.0K
$658.9K – $878.5K
NOI $52,708 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,256 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Recent roof, HVAC, and plumbing work complements an open interior with multiple entry points.
Where is this flex space located?
The property is located at 702 Linwood Road Gastonia, NC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 0.65‑acre corner lot with street frontage; Block construction; built in 1950; Open layout with concrete floors and exposed steel trusses
