514 Union RdGastonia, NC 28054

  • Retail properties
  • 6,300 SF
For Lease

Property Details for 514 Union Rd

Year built
1993
Lot size
0.63 AC
Property size (Sq ft)
6,300 SF
Zone code
OFF01
Property type
Retail properties
Property subtype
Banks
APN
109229
APU
109229

Description

This exceptional 6,300 square foot office building, located at 514 S Union Rd in Gastonia, North Carolina, presents a fantastic opportunity for a single tenant. Situated in Gaston County, this two-story building offers a blend of private offices, each boasting ample natural light from large windows. The layout thoughtfully incorporates a mix of open workspaces, along with both small and large conference rooms, catering to diverse business needs. Conveniently located on both floors are restrooms and break rooms for employee comfort. Ample surface parking is available for staff and clients, ensuring easy accessibility. The property features a prominent 2-panel marquis sign for excellent visibility and brand recognition. The current owner is open to making improvements to the space to suit a tenant's specific requirements, making this a highly adaptable and attractive option. This fully vacant building is ready for immediate occupancy. The property's address is 514 S Union Rd, Gastonia, NC 28054. The building is classified as both Traditional Office and Medical Office space, making it suitable for a variety of professional uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,163,893
    6.5%
    $1,997,440
    7%
    $1,854,765
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,688,442
    Geo Method
    $2,688,442
  • Alternative Use

    Use
    Valuation
    Residential
    $1,684,915
    Hospitality
    $1,543,373
    Educational
    $1,284,068
    Medical
    $1,328,229
    Retail
    $1,997,440
514 Union Rd, Gastonia, North Carolina

Location Insight

City
Gastonia
County
Gaston
State
North Carolina
Latitude
35.2568
Longitude
-81.1778
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
$6,148
$164,660
$410,410
$575,070
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-
-
-

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