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    Property profile & analytics
    OFF-MARKET Estimated value $3,350,000
    Industrial properties

    1236 Industrial Ave, Gastonia, NC 28054-4629

    64,250 SF 2.32 ac lot Built 1961
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-5679830
    Property summary
    AI-generated overview

    This exceptional 13,539-square-foot warehouse space, situated in Gastonia, NC, presents a prime opportunity for businesses seeking flexible industrial space. Located conveniently near Interstate 85, exit 19 (Ozark Avenue), this property offers unparalleled access to major transportation routes. The building, constructed in 1961, is classified as Class B and boasts a single story with a 13-foot ceiling height. The space includes one dock-high door, providing efficient loading and unloading capabilities. The property sits on 2.32 acres of land and is zoned I-U by the City of Gastonia. The entire 64,250-square-foot building is multi-tenant, with this specific 13,539-square-foot unit becoming available November 1, 2024. This versatile space is ideal for a variety of industrial uses, including warehouse, manufacturing, or flex operations. Its strategic location and functional design make it an attractive option for businesses seeking efficient and accessible industrial real estate. The asking rate is $7.50 per square foot, NNN. Don't miss this chance to secure a well-located and functional industrial space in a thriving area. The property features one building with a total of 64,250 square feet.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1961
    Total area 64,250 SF
    Lot 2.32 ac (101,059 SF)
    Zoning code INDS2
    APN 104946
    UPID US53-5679830
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • WRH Manufacturing LLC Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.35M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.03M
    Blend (final) Blend
    $3.35M
    Owner & transaction history
    1236 Industrial Ave LLC · 2 yrs held
    1236 Industrial Ave LLC
    since 2024
    Last sale
    $3.4M
    3 recorded transactions
    2024
    $3.4M
    2019
    $2.1M
    2006
    $480,000
    Zoning & alternative use
    INDS2 · Gastonia, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $5.2M +113.9%
    Retail stores $3.1M +27.0%
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