3431 Franklin BlvdGastonia, NC 28052

Property Details for 3431 Franklin Blvd

Year built

1985

Lot size

2.03 AC

Property size (Sq ft)

576 SF

Zone code

GARG1

Property type

Industrial properties

APN

153846

APU

153846

Description

This exceptional 39-acre commercial and industrial land parcel presents a significant development opportunity in a rapidly growing area of Gastonia, North Carolina. Located at 3431 W Franklin Blvd, Gaston County, zip code 28052, this property boasts 923 feet of road frontage on a major highway, providing convenient access to Highway 74 and Interstate 85. The land is comprised of five separate plats (153846, 200927, 153848, 153845, 153844), offering flexibility for various development scenarios. The property is zoned I-U GARG1. Given its size and location, rezoning may be a viable option for future projects. The site has a rich history, previously housing the historic Belaire Motel and a mobile home sales business. This prime location and substantial acreage make it an ideal investment for developers seeking a high-impact project in a thriving market. The asking price for this exceptional opportunity is $1,200,000. MLS 4184195.

• CAP approach

  CAP return

  Valuation

  6%

  $289,693

  6.5%

  $267,409

  7%

  $248,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $156,064

  Geo Method

  $156,064

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $139,043

  Mixed-Use / Specialty

  $140,057

  Hospitality / Lodging

  $104,721

  Office

  $140,798

  Institutional / Educational

  $146,143

  Residential Income

  $170,987

  Multifamily

  $196,700

  Automotive / Energy

  $125,265

  Parking / Income-Based Land

  $41,735.40

  Restaurant / Food Service

  $76,067.60

  Healthcare / Senior Housing

  $142,077

Location Insight

City

Gastonia

County

Gaston

State

North Carolina

Latitude

35.2569

Longitude

-81.2469

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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