440-442 E Long Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
440-442 E Long Ave
4,480 SF 50% Leased Office Building Gastonia, NC 28054 £701,313 (£157/SF) 7.60% Net Initial Yield
Investment Highlights
- Fantastic location - ideal for investors
- Turnkey medical office
Executive Summary
4,480 SF freestanding Medical Office for sale less than a mile away from downtown and Gastonia's new Franklin Urban Sports & Entertainment (FUSE) district and a mile away from I-85. The location is ideal for investors being 2 blocks away from N. Broad St. which intersects with Downtown's main road E. Franklin St — There will be plenty of future development along this corridor. The Seller will do a 5 year Leaseback at a market rate which at asking price yields a 7% cap rate. He operates a Pulmonary Sleep Allergy Clinic and a Financial Services company out of the building. Please do not disturb the business and contact Vast Commercial for additional information.
Property Facts
Sale Type
Investment
Sale Condition
Sale & Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
4,480 SF
Building Class
C
Year Built
2001
Price
£701,313
Price Per SF
£157
Net Initial Yield
7.60%
NOI
£53,300
Percent Leased
50%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
4,480 SF
Building FAR
0.16
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
OFF01 - Medical office or Office.
Parking
18 Spaces (4.02 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 2
- 2,240 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 2 | 2,240 SF | Office | - | Now |
1st Fl-Ste 2
| Size |
| 2,240 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 1
PROPERTY TAXES
| Parcel Number | 104574 | Improvements Assessment | £299,240 |
| Land Assessment | £124,433 | Total Assessment | £423,673 |
PROPERTY TAXES
Parcel Number
104574
Land Assessment
£124,433
Improvements Assessment
£299,240
Total Assessment
£423,673
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
440-442 E Long Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.