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318 S South St 5,824 SF 98% Leased Office Building Gastonia, NC 28052 For Sale
Investment Highlights
- Two-story masonry office building with 5,824 SF on 0.26 acres.
- Upper floor leased to State Farm agency providing stable income.
- Located near Downtown Gastonia with access to I-85 and Charlotte Douglas International Airport.
- Ground floor features renovated keyman suites and shared amenities.
- Net Operating Income of $82,327.20 for 2026.
- Updated finishes, keypad-access entry, and dedicated on-site parking.
Executive Summary
Ground Floor: Move-in ready keyman suites varying in size and orientation. The offices were recently renovated with a common area break room, utility room and multiple restrooms. The ground floor offers tenants smaller office suites and flexible coworking opportunities within am professional business environment. All tenants have secured keypad access from a large, dedicated parking lot.
Upper Floor: Exclusively leased to a local State Farm agency that has served as the legacy property tenant. While the lease is with an individual agent rather than State Farm corporate, the tenant benefits from the operational support, brand strength, and business model stability of one of the largest insurance companies in the United States. State Farm agents typically maintain long-term office locations tied to their book of business, and this renewal further confirms the tenancy’s stability.
Upper Floor: Exclusively leased to a local State Farm agency that has served as the legacy property tenant. While the lease is with an individual agent rather than State Farm corporate, the tenant benefits from the operational support, brand strength, and business model stability of one of the largest insurance companies in the United States. State Farm agents typically maintain long-term office locations tied to their book of business, and this renewal further confirms the tenancy’s stability.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,824 SF
Building Class
B
Year Built/Renovated
1952/2019
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,788 SF
Building FAR
0.51
Lot Size
0.26 AC
Zoning
UMU - Urban Mixed Use
Parking
14 Spaces (2.51 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Kitchen
- Central Heating
- Natural Light
- Partitioned Offices
- Drop Ceiling
- Wi-Fi
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 3 | 130 SF | Office | Full Build-Out | Now |
1st Fl-Ste 3
| Size |
| 130 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 3
| Size | 130 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
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Moderately walkable
60/100
Very drivable
80/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 108635 | Improvements Assessment | $314,850 |
| Land Assessment | $45,300 | Total Assessment | $360,150 |
Property Taxes
Parcel Number
108635
Land Assessment
$45,300
Improvements Assessment
$314,850
Total Assessment
$360,150
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
318 S South St