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

Located at 197 S New Hope Road in Gastonia, North Carolina, this retail property sits within a high-traffic commercial corridor near the intersection of East Franklin Boulevard. The surrounding neighborhood is characterized by a dense mix of national retailers, suburban office parks, and established residential communities. Multiple shopping centers and dining amenities are located within a one-mile radius, providing consistent regional draw. The site offers direct road frontage and is situated approximately two miles from Interstate 85, providing efficient transportation access for both local commuters and regional visitors within the Charlotte metropolitan area. The property is well-suited for a variety of retail or service-oriented use cases, including specialty boutiques, convenience services, or showroom space. Given the surrounding demographic profile and proximity to major thoroughfares, the location typically attracts national franchisees, regional retailers, and professional service providers. The building’s visibility and positioning make it an appropriate match for tenants seeking a high-volume trade area with significant daily vehicle counts. This asset offers a functional layout designed to accommodate business operations requiring both customer-facing storefronts and logistical accessibility.

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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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