415 White StGastonia, NC 28052

Property Details for 415 White St

Year built

1972

Lot size

1.27 AC

Property size (Sq ft)

640 SF

Zone code

24

Property type

Commercial real estate

APN

207178

APU

207178

Description

This exceptional 1.24-acre commercial parcel is ideally situated in Gastonia, North Carolina, at 415 White St, zip code 28052. Located on a busy road between two major highways, this flat, 137x112 foot lot boasts an average daily traffic count exceeding 10,000 vehicles, according to NCDOT data. The property is zoned C3, offering a wide array of permitted uses, including but not limited to: ABC Store, self-storage facility, check cashing business, firing range, retail space, restaurant, funeral home, laundromat, and medical office. Detailed permitted uses and supplemental regulations are available upon request. This prime location benefits from a strong demographic profile, with over 76,000 residents within a 5-mile radius and a median household income of $119,520. While preliminary plans for a self-storage facility exist, the owner is offering the land for sale prior to commencing construction. The lot offers ample space for development, with potential for expansion using small retaining walls. This presents a unique opportunity for investors and developers seeking a high-visibility location with significant growth potential in a thriving community. The asking price for this exceptional property is $250,000.

• CAP approach

  CAP return

  Valuation

  6%

  $169,479

  6.5%

  $156,442

  7%

  $145,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,378

  Geo Method

  $108,378

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $297,122

  Retail / Commercial

  $154,492

  Mixed-Use / Specialty

  $155,619

  Hospitality / Lodging

  $116,357

  Office

  $156,442

  Institutional / Educational

  $162,381

  Residential Income

  $189,985

  Multifamily

  $218,556

  Automotive / Energy

  $139,183

  Parking / Income-Based Land

  $46,372.70

  Restaurant / Food Service

  $84,519.60

  Healthcare / Senior Housing

  $157,864

Location Insight

City

Gastonia

County

Gaston

State

North Carolina

Latitude

35.2638

Longitude

-81.2183

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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