1392 Franklin BlvdGastonia, NC 28054

  • Retail properties
  • 25,500 SF
For Lease

Property Details for 1392 Franklin Blvd

Year built
1966
Lot size
0.97 AC
Property size (Sq ft)
25,500 SF
Zone code
RET05
Property type
Retail properties
Property subtype
Retail space
APN
105127
APU
105127

Description

This exceptional 20,300-square-foot retail property is ideally situated at 1392 E Franklin Blvd in Gastonia, North Carolina, within Gaston County. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. This presents a blank canvas for a business seeking significant square footage in a high-visibility location. The property's size allows for a wide range of retail uses, from large-format stores to multi-functional spaces. The address, 1392 E Franklin Blvd, ensures excellent street presence and accessibility for customers. The property's location in Gastonia, NC, offers access to a substantial consumer base and benefits from the area's established infrastructure. With its substantial size and prime location, this property is an attractive investment for businesses seeking a prominent presence in a thriving North Carolina market. The 28054 zip code further highlights its strategic position within the Gastonia community. This single-tenant occupancy building offers a rare opportunity to establish a significant retail presence in a highly visible location. The property's size and location make it suitable for a variety of retail concepts. Serious inquiries are encouraged to explore the potential of this exceptional retail space. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,758,614
    6.5%
    $8,084,874
    7%
    $7,507,384
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,881,788
    Geo Method
    $10,881,788
  • Alternative Use

    Use
    Valuation
    Residential
    $6,819,894
    Hospitality
    $6,246,986
    Educational
    $5,197,419
    Medical
    $5,376,166
    Retail
    $8,084,874
1392 Franklin Blvd, Gastonia, North Carolina

Location Insight

City
Gastonia
County
Gaston
State
North Carolina
Latitude
35.2628
Longitude
-81.1561
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
$16,372
$507,040
$1,024,490
$1,531,530
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-
-
-

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