2985 Court Dr Gastonia, NC 28054
This ±12.3-acre site in Gastonia, NC, offers a streamlined development path for a 200-unit multifamily project. Approved plans and RS-8 zoning are already in place, eliminating significant pre-development hurdles. Located in a Qualified Census Tract (QCT) and Opportunity Zone within the Charlotte MSA, this property presents an ideal opportunity for tax credit development, providing access to various affordable financing options. The site boasts a high Gastonia Tax Credit score of approximately 56. Its prime location offers easy access to major employers, retail amenities, and recreational areas. Less than two minutes from I-85 and conveniently situated on Court Drive, residents will enjoy seamless connectivity to Gastonia's major thoroughfares. Nearby attractions include Downtown Gastonia (under nine minutes away), featuring Webb Custom Kitchen, Rankin Lake Park, and the Schiele Museum of Natural History. The Gastonia Technology Park, home to future employers like Owens Corning and Dixon Quick Coupling, is only seven minutes north. This exceptional location ensures high demand and strong rental potential for the future development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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