213 Belt Dr Gastonia, NC 28056
This exceptional 1.25-acre commercial property in Gastonia, North Carolina, presents a unique investment opportunity. Located at 213 Belt Drive, the property boasts 201 feet of frontage on Belt Drive and 200 feet on Vaughn. The asking price is $350,000 for the entire 1.25-acre lot, which includes a 1,188 square foot building constructed in 1940, plus two additional structures. The existing building, currently vacant, features a single story and 8-foot ceilings. With a new roof and renovations, including the conversion of existing sunporches and screen porches, the building's square footage could potentially be expanded to approximately 1,900 square feet, suitable for office or residential use. The property is zoned C-3 and MU-2, offering a wide range of permitted uses, including drive-thru restaurants, 24-hour convenience stores with gas, ABC stores, brew pubs, hotels/motels, medical facilities (hospitals, ambulance/fire/rescue stations, medical and dental labs), dry cleaners, offices, retail stores, warehouses, auto sales and repair, and mixed-use residential developments (townhomes, duplexes). The property's value primarily lies in its substantial land size and versatile zoning. Potential buyers are responsible for verifying all aspects of the property's suitability for their intended use, including property lines, Gaston County zoning regulations, Lowell and Gastonia City extraterritorial jurisdictions (ETJ), easements, water and sewer availability, subdivision potential, and all other relevant information. The APN numbers are 185228 and 128792. The seller has owned the property for at least one year.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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