205 Belt DrGastonia, NC 28056

  • Other commercial real estate
  • 732 SF
For Sale
$610,000 View listing

Property Details for 205 Belt Dr

Year built
1950
Lot size
0.29 AC
Property size (Sq ft)
732 SF
Zone code
R1
Property type
Other commercial real estate
APN
185221
APU
185221

Description

This exceptional 1.77-acre commercial property in Gastonia, NC, presents a unique investment opportunity. Located at 205 Belt Drive, the assemblage boasts significant frontage on three streets: 149 feet on Redbud Road, 401 feet on Belt Drive, and 200 feet on Vaughn Road. The property includes a 2,180 square foot building and several other structures, all considered of no value in the sale price. The primary value lies in the land itself, offering substantial development potential. The C-3 and MU-2 zoning allows for a wide range of uses, including but not limited to: drive-thru restaurants, 24-hour convenience stores with gas, ABC stores, brew pubs, hotels/motels, hospitals, ambulance/fire/rescue stations, medical and dental labs, dry cleaners, offices, retail stores, sales and service businesses, moving/distribution/wholesale operations and warehousing, auto and truck sales/detail/repair/wrecker/tow services, and townhomes, duplexes, and mixed-use residential developments. The existing buildings, with a new roof and renovations including the sunporch and screen porches, could be converted into approximately 1,100 and 1,900 square foot office or residential spaces. Prospective buyers are responsible for independently verifying all aspects of the property, including property lines, Gaston County zoning regulations, Lowell and Gastonia City extraterritorial jurisdictions (ETJ), easements, water and sewer availability, potential for subdivision, and any other relevant information. This property offers significant flexibility and potential for a variety of commercial or residential ventures. The asking price is $592,500.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $195,771
    Hospitality
    $179,325
    Educational
    $149,196
    Medical
    $154,328
    Retail
    $232,083
205 Belt Dr, Gastonia, North Carolina

Location Insight

City
Gastonia
County
Gaston
State
North Carolina
Latitude
35.2546
Longitude
-81.1059
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$505
$70,690
-
$70,690
-
-
-
-

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