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shovel ready multi conversion opportunity 1910 Hunt Ave 253,500 SF Vacant Industrial Building Gastonia, NC 28054 $6,000,000 ($23.67/SF)
INVESTMENT HIGHLIGHTS
- 100% shovel ready project with building approvals in place
- all due diligence items completed including appraisal, market study and phase 1 and 2
- $50+ million in tax credits available
- convenient access to I-85
EXECUTIVE SUMMARY
The asset has been rezoned to residential and the seller offers a 209 unit shovel ready conversion development with building permit approvals in place with architectural plans and specs. Over $50 million in federal and state tax credits.
Buyer may also consider rezoning back to industrial.
Buyer may also consider rezoning back to industrial.
PROPERTY FACTS
| Price | $6,000,000 | Rentable Building Area | 253,500 SF |
| Price Per SF | $23.67 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1917/1960 |
| Sale Condition | Redevelopment Project | Parking Ratio | 0.77/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 17’6” |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 7 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 12.50 AC | ||
| Zoning | I-U - Within the I-U zoning district, the use, Dwelling- Multi-Family, is a permitted use by right. | ||
| Price | $6,000,000 |
| Price Per SF | $23.67 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 12.50 AC |
| Rentable Building Area | 253,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1917/1960 |
| Parking Ratio | 0.77/1,000 SF |
| Clear Ceiling Height | 17’6” |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-U - Within the I-U zoning district, the use, Dwelling- Multi-Family, is a permitted use by right. |
AMENITIES
- Fenced Lot
- Signage
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating
PROPERTY TAXES
| Parcel Number | 217789 | Improvements Assessment | $933,860 |
| Land Assessment | $259,500 | Total Assessment | $1,193,360 |
PROPERTY TAXES
Parcel Number
217789
Land Assessment
$259,500
Improvements Assessment
$933,860
Total Assessment
$1,193,360
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shovel ready multi conversion opportunity | 1910 Hunt Ave
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