514 Union RdGastonia, NC 28054

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,647,510

  6.5%

  $1,520,780

  7%

  $1,412,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,109,520

  Geo Method

  $1,109,520

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,924,790

  Mixed-Use / Specialty

  $1,531,870

  Hospitality / Lodging

  $1,145,390

  Office

  $1,539,980

  Institutional / Educational

  $1,598,430

  Residential Income

  $1,870,170

  Multifamily

  $2,151,410

  Automotive / Energy

  $1,370,090

  Parking / Income-Based Land

  $456,481

  Restaurant / Food Service

  $831,990

  Healthcare / Senior Housing

  $1,553,970

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

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