514 Union RdGastonia, NC 28054
- Retail properties
- 6,300 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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