1925-1955 Davis Park Rd - Retail FOR SALE


Gastonia, NC 28052
$3,750,000 USD
980-265-5361
1925-1955 Davis Park Rd, Gastonia, NC for Sale
$3,750,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

1925-1955 Davis Park Rd
Gastonia, NC 28052


HIGHLIGHTS

  • ±46,200 SF total - former Bi-Lo shopping center
  • ±7.07 acres with 243 parking spaces
  • Zoned C-2 CD (Gaston County - Highway Commercial)
  • ±42,680 SF anchor space - VACANT
  • Four ±1,200 SF retail units (tenants include Little Caesars, Kim Nails, China City, and one vacant unit)
  • Adjacent to Mattamy Homes’ Westfall residential development (over 125 townhomes and 175 single-family homes)

OVERVIEW

Piedmont Properties of the Carolinas, Inc. is pleased to present the opportunity to acquire a ±46,200 square foot neighborhood shopping center situated on ±7.07 acres with 243 parking spaces, offering a strong physical footprint and immediate value-add potential. The property is anchored by a ±42,680 square foot vacant former grocery store, presenting a compelling opportunity for re-tenanting to drive future income and enhance overall asset value. Complementing the anchor are four ±1,200 square foot inline retail spaces, three of which are currently leased to established tenants including Little Caesars, Kim Nails, and China City, providing stable in-place cash flow with additional upside through lease-up of the remaining vacant unit. The property is adjacent to Mattamy Homes’ Westfall residential development, which will deliver over 125 townhomes and 175 single-family homes to the area, positioning the center to benefit from ongoing residential growth, increased consumer demand, and long-term appreciation within the surrounding market.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leased Inline Shops + Anchor Opportunity

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Davis Park Rd & W Hudson Blvd

LAND ACRES

7.07 AC

LAND SF

307,969 SF

ZONING

C-2 (CD)

APN/PARCEL ID

138695

ASK ABOUT THIS PROPERTY

Stewart HastyPiedmont Properties of the Carolinas, Inc.More Info
980-265-5361

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Stewart HastyPiedmont Properties of the Carolinas, Inc.More Info
980-265-5361

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.