412 Arthur AveGastonia, NC 28052

Property Details for 412 Arthur Ave

Year built

1944

Lot size

0.07 AC

Property size (Sq ft)

860 SF

Zone code

RET01

Property type

Banks

APN

113083

APU

113083

Description

This 860-square-foot freestanding retail building in Gastonia, North Carolina, presents a fantastic owner-user opportunity. Located at 412 Arthur Ave, 28052, this property sits on a 0.07-acre lot and boasts a convenient location near I-85 and downtown Gastonia. The building underwent a complete renovation in 2024, previously configured as a vape shop. The property is zoned for commercial use and offers a net rentable area of 860 square feet. Its strategic placement near other retail and residential properties makes it an attractive investment. The asking price is $189,000. This property offers potential for assemblage with an adjacent lot, providing further expansion opportunities. This is a turnkey solution for a business owner seeking a well-maintained, recently renovated space in a high-traffic area. The property's proximity to major roadways and the city center ensures high visibility and accessibility for customers. Don't miss this chance to own a thriving retail space in a growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $224,898

  6.5%

  $207,598

  7%

  $192,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $151,458

  Geo Method

  $151,458

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $399,257

  Mixed-Use / Specialty

  $209,113

  Hospitality / Lodging

  $156,355

  Office

  $210,219

  Institutional / Educational

  $218,199

  Residential Income

  $255,293

  Multifamily

  $293,685

  Automotive / Energy

  $187,028

  Parking / Income-Based Land

  $62,313.30

  Restaurant / Food Service

  $113,573

  Healthcare / Senior Housing

  $212,129

Location Insight

City

Gastonia

County

Gaston

State

North Carolina

Latitude

35.2405

Longitude

-81.1949

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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