615 W Franklin Blvd
Gastonia, NC 28052
Land · Land For Sale · 5.95 AC

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 615 W Franklin Blvd Gastonia, NC 28042 The subject property is located in the Charlotte Metropolitan Area. The building is 42 002 SF with an indoor pool, gymnasium, meeting, and office space positioned on 5 95 acres of level grade between S Clay and Trenton Street. The property is eligible for New Market Tax Credits as well as Opportunity Zone Funding Additionally, the location is in Gastonia’s Urban Redevelopment Zone This property is adjacent to a new mixed-use facility that broke ground on October 3 rd, 2019 with an anticipated completion of Spring 2021. This 24 M+ facility will be home to a professional level baseball team Additionally, the facility is purposely designed to host a variety of non-baseball events such as concerts, meetings, and events This 5,000 seat facility will, as has been proven with other new comparable projects, drive significant foot traffic and therefore new demand in the FUSE District. The FUSE District connects Gastonia's Downtown to the Loray Historic District, where developers are implementing a 75 million renovation, along Franklin Boulevard The Fuse district is to join or blend to form a single entity, a credo adopted by the FUSE District which rings correct throughout its broader vision Be it through the multi-purpose sports and entertainment venue, the adaptive reuse of unique, historic buildings, or the development of new properties, FUSE will connect a stretch of cultural, social and economic activity in Gastonia's center city. As part of the Charlotte Metropolitan Area, Gastonia has experienced the region's robust growth and economic development of the past two decades The city's 30 year projection suggests by 2035 that parts of the town will see population growth as high as 130 percent This economic boom will spur the need for new homes, new shopping centers, new schools, and better infrastructure to support the influx of residents Three specific initiatives by the city are the redevelopment of the historic Loray Mill neighborhood, the FUSE sports and entertainment complex, and rejuvenated, state of the art water and sewage infrastructure Loray Mill, located on the western side of the city, is experiencing a dramatic revitalization between the mill village and downtown Gastonia that is forecasted to continue throughout the next 10-20 years. The success of this initiative can be seen in the renovation of the Loray Mill into a mixed-use, residential commercial development, and the old textile village's mill homes, which are being renovated and marketed in a communal push to reinvigorate the area Developers already see success as the neighborhood emerges into a thriving community of apartments, breweries, coffee shops, spas, and local artisan markets.