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    118 Old Hanks Rd Gastonia, NC 28056

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    For Sale
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    15.7-acre site, I-85 frontage, ideal for large facility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This ±15.77-acre development site in Gastonia, North Carolina, presents a unique opportunity. Located at 118 Old Hanks Road, the property boasts approximately 11,570 linear feet of frontage on I-85, a major thoroughfare with an estimated 119,000 vehicles per day. The site's flat topography makes it well-suited for the construction of a large-scale facility of 100,000 square feet or more. The property is zoned BC-D, offering flexibility for various development options. Further enhancing its value are three existing pylon billboards on the site, which are available for separate purchase. The property's location offers convenient access to I-485, approximately 5.0 miles away. Public sewer is available, located approximately 0.33 miles from the property. The parcel ID is 185041. This prime location and versatile zoning make this an exceptional investment opportunity.

    Property Features for 118 Old Hanks Rd

    General Information

    Property type
    Land
    Lot Size
    686,941 SF

    HighLights

    • ±15.7‑acre site.
    • BC‑D zoning.
    • ±1,570 linear feet of I‑85 frontage.
    • High traffic count: 119,000 vehicles per day on I‑85.
    • Sewer access approximately 0.33 miles from the property.
    • Parcel ID: 185041.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.066083
    Latitude
    35.2655521

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    FAQs

    What type of property is this?
    Land - 15.7-acre site, I-85 frontage, ideal for large facility.
    Where is this land located?
    The property is located at 118 Old Hanks Rd Gastonia, NC.
    What are key features of this property?
    This property features: ±15.7-acre site.; BC-D zoning.; ±1,570 linear feet of I-85 frontage.
    (704) 409-2375
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    118 Old Hanks Rd Gastonia, NC 28056
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Old Hanks Rd Gastonia, NC 28056
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