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    507 Franklin Blvd Gastonia, NC 28052

    Sponsored
    For Sale
    $990,000

    Prime Gastonia location, 0.9 acres, $990,000

    Property size:
    13,634 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.9-acre mixed-use property, located at 507 W Franklin Blvd in Gastonia, North Carolina, presents a compelling adaptive reuse or redevelopment opportunity. Priced at $990,000, this 13,634 square foot lot boasts a highly desirable location within the vibrant FUSE Entertainment District. The property's UMU zoning allows for a diverse range of development options, including retail, office, multi-family, single-family homes, and townhomes. Its strategic position offers unparalleled access to a thriving community. Nearby amenities include over 300 new multi-family units, a brewery, a Waterbean coffee shop, and the new Lenox Development Food Hall. The property's proximity to the baseball stadium further enhances its appeal and potential for significant return on investment. This is a rare chance to acquire a substantial parcel in a rapidly growing area with exceptional potential for future development and strong rental income. The property includes one existing building, offering flexibility for renovation or demolition. This prime location and versatile zoning make this an ideal investment for developers and entrepreneurs seeking a high-impact project in a dynamic urban setting. The property's address is 507 W Franklin Blvd, Gastonia, NC 28052.

    Property Features for 507 Franklin Blvd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13,634 SF
    Lot Size
    39,204 SF

    Building Details

    Buildings
    1

    HighLights

    • $990,000 asking price for 0.9‑acre mixed‑use land parcel.
    • 13,634 square feet, with one existing building.
    • Located at 507 W Franklin Blvd, Gastonia, NC 28052.
    • UMU zoning permits retail, office, and residential development.
    • Prime location in Gastonia's FUSE Entertainment District, near new multi‑family units, brewery, coffee shop, and food hall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Furniture Storage Bins Self-Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1905575
    Latitude
    35.2618783

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Gastonia location, 0.9 acres, $990,000
    Where is this mixed-use property located?
    The property is located at 507 Franklin Blvd Gastonia, NC.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: $990,000 asking price for 0.9-acre mixed-use land parcel.; 13,634 square feet, with one existing building.; Located at 507 W Franklin Blvd, Gastonia, NC 28052.
    Request Owner's contact information
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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
    507 Franklin Blvd Gastonia, NC 28052
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