197 S New Hope Rd

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197 S New Hope Rd

Gastonia, NC 28054
Asking Price
$9.96M
Asset Type
Retail
Class
Class B

What's Special

197 S New Hope Rd is situated in a high-traffic commercial corridor in Gastonia, North Carolina, approximately 20 miles west of Charlotte. The property is positioned within a dense suburban environment characterized by established residential neighborhoods and a concentration of national retail anchors, including grocery stores and pharmacies. It offers significant road frontage and visibility near the signalized intersection of New Hope Road and East Franklin Boulevard. The location provides efficient regional connectivity, situated less than two miles from Interstate 85, a primary transportation arterial linking Gastonia to the broader Charlotte metropolitan area. The property is well-suited for a variety of retail applications, ranging from service-oriented businesses to local boutiques or franchise storefronts. The surrounding demographics suggest an ideal tenant profile that caters to daily consumer needs, such as quick-service restaurants, financial services, or small-scale medical offices. Given the established traffic patterns and proximity to residential hubs, the site is appropriate for tenants seeking a visible presence within an active local submarket. The versatile asset layout accommodates businesses that benefit from high-frequency commuter visits and convenient access for the local population.

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NOI
$80,000
Cap Rate
0.80%
DSCR
0.14
Underwater
Cash-on-Cash
-17.11%
Monthly Payment
$49,276.646
Annual Cash Flow
$-511,319.748

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