Property profile

197 N New Hope Rd Gastonia, NC 28054

FOR LEASE
Super regional malls
Property ID
US53-1998363
92,747 SF 7.66 ac lot Built 1978
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 43,000 square foot retail space is available for lease at 197 N New Hope Rd, Gastonia, NC 28054. Located in Gaston County, this single-tenant property presents a significant opportunity for businesses seeking a substantial footprint in a prime location. The entire building is currently vacant, offering complete flexibility for a new tenant to customize the space to their exact specifications. The property's substantial size allows for a wide range of retail uses, from large-format stores to distribution centers requiring significant storage and display areas. The address, 197 N New Hope Rd, provides excellent visibility and accessibility, ensuring high traffic and customer convenience. This is an ideal opportunity for a business looking to establish a strong presence in the Gastonia market. The property is classified as Commercial Retail and offers a single tenancy, eliminating the complexities of multi-tenant management. With its ample square footage and strategic location in Gaston County, North Carolina, this property represents a rare and compelling investment opportunity. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy. The geographic coordinates are 35.2639179 latitude and -81.1523945 longitude.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1978
Total area 92,747 SF
Lot 7.66 ac (333,670 SF)
Zoning code RET04
APN 109862
UPID US53-1998363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Pharmacy
  • Post Office
  • Discount Store
  • Home Appliance Store Hardware & Home Improvement

Location

197 N New Hope Rd Gastonia, NC 28054
Gastonia metro Census 32703 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.11M

Owner & transaction history

since 2012
1 recorded transaction
2012
$190,000

Zoning & alternative use

RET04 · Gastonia, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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