832 S Chester St

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832 S Chester St

Gastonia, NC 28052
Asking Price
$1.68M
Asset Type
Retail
Class
Class B

What's Special

832 S Chester St is situated along a primary north-south corridor in Gastonia, North Carolina, approximately one mile south of the city's historic downtown district. The neighborhood is characterized by a mix of established residential pockets and established small-scale commercial developments. This location offers direct frontage on Highway 321, providing visibility to local commuter traffic and proximity to regional transit routes connecting Gastonia to the greater Charlotte area. Nearby amenities include local grocery stores, public parks, and various dining options serving the surrounding residential community. The property is well-suited for neighborhood-oriented retail uses, such as a specialty boutique, a small convenience store, or a service-based business like a salon or repair shop. Ideal tenants would include local entrepreneurs or regional retailers looking to capture the demographic of the surrounding Chester Ridge and York Chester neighborhoods. Given the layout and high-traffic visibility, the asset is also appropriate for professional office use or a dedicated showroom requiring easy street-level access for clients and pedestrians.

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NOI
$80,000
Cap Rate
4.77%
DSCR
0.80
Underwater
Cash-on-Cash
-3.88%
Monthly Payment
$8,291.934
Annual Cash Flow
$-19,503.203

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