507 W Franklin Blvd, Gastonia, NC 28052
For Sale
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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.
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Furniture Storage Bins Storage Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OFF10 · Gastonia, NCGastonia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.