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Eastside Plaza 760 N New Hope Rd 7,650 SF 100% Leased Office Building Gastonia, NC 28054 $1,500,012 ($196.08/SF)



Investment Highlights
- Positioned near a major hospital and key service hubs creating reliable demand.
- Recently improved exterior with modernized paint and upgraded parking surface.
- Located in an established commercial corridor supported by strong demographics.
- Fully occupied with long-term tenants providing stable, predictable cash flow.
- Immediate access to Interstate 85 enabling convenient regional connectivity.
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 benefits from immediate connectivity 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 that support 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 two years, demonstrating sustained performance and location commitment. 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 positioning near healthcare anchors, its immediate access to major transportation arteries, and its 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.
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 two years, demonstrating sustained performance and location commitment. 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 positioning near healthcare anchors, its immediate access to major transportation arteries, and its 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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,650 SF
Building Class
B
Year Built
1994
Price
$1,500,012
Price Per SF
$196.08
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
OLC - OFF04
Parking
20 Spaces (2.61 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
5,303
48,437
103,575
2024 Population
5,227
48,291
105,608
Population Growth '20-'24
-1.4%
-0.3%
2.0%
2020 Households
2,080
19,456
41,511
2024 Households
2,053
19,408
42,407
Household Growth '20-'24
-1.3%
-0.3%
2.2%
Average Age
41
39
39
Median Household Income
$43,379
$46,857
$49,521
Daytime Employees
8,875
33,420
50,271
Total Businesses
1,282
4,175
5,817
College Degree + Higher
13%
18%
21%
Property Taxes
| Parcel Number | 118427 | Improvements Assessment | $575,960 |
| Land Assessment | $321,040 | Total Assessment | $897,000 |
Property Taxes
Parcel Number
118427
Land Assessment
$321,040
Improvements Assessment
$575,960
Total Assessment
$897,000
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Presented by
Eldrin LLC
Eastside Plaza | 760 N New Hope Rd
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