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Investment Highlights

  • Positioned near a major hospital, the Gaston Memorial Hospital, a 435-bed facility, along with key service hubs creating reliable demand.
  • Fully occupied with long-term tenants providing stable, predictable cash flow, ideal for a passive investment opportunity.
  • Located in an established commercial corridor supported by strong demographics, evidenced by a growing 5-mile population of 108,698.
  • Immediate access to Interstate 85 and approximately 22 miles from Charlotte, enabling convenient regional connectivity.
  • Recently modernized exterior features fresh paint, upgraded parking surface, on-site landscaping, and prominent pylon signage.

Executive Summary

Eastside Plaza presents a compelling investment opportunity for buyers seeking a stabilized, low-maintenance asset in a high-demand corridor. Ideally positioned at 760 N New Hope Road, the property sits just blocks from a major hospital and offers immediate access to Interstate 85, making it a strategic location for employers, service providers, and medical-adjacent businesses. The surrounding area offers a balanced mix of residential neighborhoods, established commercial uses, and strong daytime population drivers, supporting consistent tenant demand.

Constructed in 1994, this well-maintained, single-story structure totals 7,650 square feet and has recently undergone several key exterior improvements. Ownership has freshly painted the façade and completed a comprehensive reseal and restripe of the parking lot within the last few months, reducing near-term capital needs for the next investor. These enhancements elevate curb appeal and reinforce the property’s readiness for long-term hold strategies.

The asset is fully occupied with long-term tenants, creating dependable in-place cash flow from day one. One of the tenants has maintained its presence for more than 15 years, demonstrating sustained performance and a commitment to the location. The stability of the rent roll, paired with the site’s OFF04 zoning, allows flexibility for a range of professional and medical office users, adding future leasing resilience.

Given its strategic location near healthcare anchors, immediate access to major transportation arteries, and turnkey operational condition, Eastside Plaza stands out as a secure, income-producing property with strong fundamentals. Investors seeking a reliable, low-touch asset with durable tenancy and continued upside within a growing market will find this offering especially attractive.

Matterport 3D Tour

3D Tour of Interior Office Space

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,650 SF
Building Class
B
Year Built
1994
Price
$1,500,000
Price Per SF
$196.08
Cap Rate
5.92%
NOI
$88,847
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,650 SF
Building FAR
0.25
Lot Size
0.69 AC
Zoning
OFF04 - Professional Office
Parking
35 Spaces (4.58 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2020 Population
5,279
48,115
103,605
2025 Population
5,328
49,687
108,698
Population Growth '20-'25
0.9%
3.3%
4.9%
2020 Households
2,071
19,344
41,524
2025 Households
2,087
19,958
43,610
Household Growth '20-'25
0.8%
3.2%
5.0%
Average Age
41
39
40
Median Household Income
$59,497
$59,164
$61,891
Daytime Employees
8,875
33,420
50,271
Total Businesses
1,282
4,175
5,817
College Degree + Higher
13%
18%
20%

Property Taxes

Property Taxes

Parcel Number
118427
Land Assessment
$321,040
Improvements Assessment
$575,960
Total Assessment
$897,000
  • Listing ID: 39508326

  • Date on Market: 2/20/2026

  • Last Updated:

  • Address: 760 N New Hope Rd, Gastonia, NC 28054

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