MergerPlace

Prime RE Redevelopment Opportunity

Gastonia, North Carolina


  • Asking Price: $2,000,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: $2,000,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #211181
  • Established: 1993
  • Employees:

Business Description

18.54 acres of Prime Real Estate Land zoned for automotive or retail development. Located in the Heart of Gastonia NC in a high traffic area (with 26K vehicles per day) and only 5 minutes from I-85 (with 83K vehicles per day) in an upcoming redevelopment area of the city next to new and recent commercial development. Property includes a Muffler Brake Shop, Used Car lot, Vacant Land and a Cell Tower that is being leased for the next 50 years with a 5% annual rent increase. The opportunity is vast as this property has a very strong redevelopment potential.


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: North Carolina
Metropolitan Area: Gastonia

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $2,000,000
Real Estate: $2,000,000
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Located in an upcoming redevelopment area of the city next to new and recent commercial development and it has very strong redevelopment potential. Propertey also has a Cell Tower that is being leased for the next 50 years with a 5% annual rent increase.

Reason for selling:

Retiring

Contact Business Seller

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Business Listed By:

Michael Norman

Carolina Business Associates LLC