359 West Main Avenue

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359 West Main Avenue

Gastonia, NC 28052
Asking Price
$2.02M
Asset Type
Retail
Class
Class B

What's Special

359 West Main Avenue is located in the heart of historic downtown Gastonia, North Carolina. The property sits within a walkable urban district characterized by a mix of established local businesses, government offices, and recent residential redevelopments. It is positioned near the Gaston County Courthouse and the Gastonia Conference Center, benefiting from steady pedestrian traffic and proximity to public parking facilities. The location offers efficient access to Highway 321 and Interstate 85, connecting the site to the broader Charlotte metropolitan area. The building is suited for a variety of retail applications, including boutique storefronts, specialty showrooms, or service-oriented businesses. Its central position makes it an appropriate choice for tenants seeking high visibility within a revitalizing downtown corridor. The property’s layout and location cater to independent retailers, professional service providers, or hospitality concepts that serve the local workforce and growing downtown residential population.

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NOI
$80,000
Cap Rate
3.96%
DSCR
0.67
Underwater
Cash-on-Cash
-6.60%
Monthly Payment
$9,998.805
Annual Cash Flow
$-39,985.664

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