712 Airline AveGastonia, NC 28052

Property Details for 712 Airline Ave

Year built

1950

Lot size

2.02 AC

Property size (Sq ft)

1,044 SF

Zone code

OFF01

Property type

Investment properties

Property subtype

Live-work space

APN

103641

APU

103641

Description

This exceptional 5,000-square-foot executive office building presents a unique opportunity in the heart of Gastonia, North Carolina. Situated on a generous 2.21-acre lot, the property boasts a single-tenant occupancy, offering complete control and flexibility. The building's central location within the CBD (Central Business District) zoning provides unparalleled access to Gastonia's vibrant amenities. Enjoy easy walking distance to popular restaurants, retail establishments, and the newly constructed minor league baseball stadium, Caromont Health Park. The property's address is 712 W Airline Ave, Gastonia, NC 28052, and its convenient location ensures high visibility and accessibility for your business. The property includes two APNs: 103641 and 103642, within Gaston County. With its ample square footage and prime location, this property is ideal for businesses seeking a prominent presence in a thriving downtown area. The entire 5,000 square feet is currently vacant, providing immediate occupancy for a new tenant. This presents a rare chance to establish a strong foothold in a dynamic and growing community. The property's size and location make it suitable for a variety of executive office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $275,008

  6.5%

  $253,853

  7%

  $235,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $180,327

  Geo Method

  $180,327

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $484,679

  Retail / Commercial

  $252,015

  Hospitality / Lodging

  $189,808

  Office

  $255,196

  Institutional / Educational

  $264,883

  Residential Income

  $309,913

  Multifamily

  $356,519

  Automotive / Energy

  $227,043

  Parking / Income-Based Land

  $75,645.50

  Restaurant / Food Service

  $137,873

  Healthcare / Senior Housing

  $257,515

Location Insight

City

Gastonia

County

Gaston

State

North Carolina

Latitude

35.266

Longitude

-81.1928

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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