Gastonia Industrial/Commercial
823 E Franklin Blvd Gastonia, NC
Versatile space suitable for investment or owner occupancy.
Type:INDUSTRIAL
Property size:
9,232 SFLot size:
0.96 AcresPrice / SF:
$108/SF- Added:
- Nov 24, 2025
- Days on Market:
- 228
- Last Refresh:
- May 20 at 9:03 pm
Property Features for 823 E Franklin Blvd
General Information
- Standard status
- Active
- Size
- 9,232 SF
- Lot size
- 0.96 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 823 E Franklin Blvd Contact usListing office KW Commercial-Ballantyne (513) 265-6348
Listing date Nov 24, 2025
Source Moodyscre
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 KW Commercial-Ballantyne
Investment Insights
Based on property information with market context.
This property presents a prime opportunity for either investment or owner occupancy. The existing space is configured with a kitchen, office area, warehouse, and storage facilities. This layout supports a wide range of potential uses, including restaurant, child care facility, and private club operations. The parcel is zoned I-U (Urban Industrial) and is located within the Urban Standards Overlay. The property has 9232 square feet of space. Permitted uses are detailed in Section 7.5 of the Unified Development Ordinance (UDO), Table 7.1-1 Table of Uses.
Key Highlights
- Wide range of potential uses such as restaurant, child care, or private club.
- Zoned I‑U (Urban Industrial) allowing for diverse business operations.
- Includes kitchen, office, warehouse, and storage space.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.0k | $9.96 |
| − Vacancy | −$5.1k | −$0.55 |
| EGI | $86.9k | $9.41 |
| − OpEx | −$26.1k | −$2.82 |
| NOI | $60.8k | $6.59 |
9,232 SF · lease $9.96/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$868.9K
$760.3K – $1.01M
NOI $60,825 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,399 @ 7.0% cap · market cap 20.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Barkley Machine Works
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Versatile space suitable for investment or owner occupancy.
Where is this industrial property located?
The property is located at 823 E Franklin Blvd 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: Wide range of potential uses such as restaurant, child care, or private club.; Zoned I‑U (Urban Industrial) allowing for diverse business operations.; Includes kitchen, office, warehouse, and storage space.
