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Property profile & analytics
OFF-MARKET
Commercial real estate

2985 Court Dr Gastonia, NC 28054

12.3 ac lot
Entity Owned 2-yr Hold
Property ID
US53-0962063
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 12.3 ac (535,788 SF)
UPID US53-0962063
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Hedley Homes INC · 2 yrs held
Hedley Homes INC
since 2024
4 recorded transactions
2024
$6,500
2024
Price N/A
2021
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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