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    FOR SALE
    Warehouses

    507 W Franklin Blvd, Gastonia, NC 28052

    17,079 SF 0.9 ac lot Built 1930
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2180002
    Property summary
    AI-generated overview

    This exceptional 0.9-acre mixed-use property, located at 507 W Franklin Blvd in Gastonia, North Carolina, presents a compelling adaptive reuse or redevelopment opportunity. Priced at $990,000, this 13,634 square foot lot boasts a highly desirable location within the vibrant FUSE Entertainment District. The property's UMU zoning allows for a diverse range of development options, including retail, office, multi-family, single-family homes, and townhomes. Its strategic position offers unparalleled access to a thriving community. Nearby amenities include over 300 new multi-family units, a brewery, a Waterbean coffee shop, and the new Lenox Development Food Hall. The property's proximity to the baseball stadium further enhances its appeal and potential for significant return on investment. This is a rare chance to acquire a substantial parcel in a rapidly growing area with exceptional potential for future development and strong rental income. The property includes one existing building, offering flexibility for renovation or demolition. This prime location and versatile zoning make this an ideal investment for developers and entrepreneurs seeking a high-impact project in a dynamic urban setting. The property's address is 507 W Franklin Blvd, Gastonia, NC 28052.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1930
    Total area 17,079 SF
    Lot 0.9 ac (39,204 SF)
    Zoning code OFF10
    APN 106094
    UPID US53-2180002
    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
    • Furniture Storage Bins Storage Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Fuse Storage LLC · 9 yrs held
    Fuse Storage LLC
    since 2017
    1 recorded transaction
    2017
    $210,000
    Zoning & alternative use
    OFF10 · Gastonia, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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