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2601-2609 S New Hope Rd
Gastonia, NC 28056

Redbud Commons · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
64,381 SF
Building Class
C
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.16
Lot Size
8.99 AC
Zoning
SHOP1
Parking
329 Spaces (5.15 Spaces per 1,000 SF Leased)
Frontage
546 ft on Redbud Dr.

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage

About 2601-2609 S New Hope Rd , Gastonia, NC 28056

Ten-X and Atlantic Retail are pleased to present the opportunity to acquire Redbud Commons, a 63,937 SF grocery-anchored shopping center in rapidly-growing Gastonia, NC, which is the largest city within the Charlotte MSA. Redbud Commons has a history of high occupancy and low turnover of service-oriented tenants in an affluent area with established grocery demand. The property will provide an owner with long-term leases and stable cash flow with the opportunity to add value through the leasing of a vacant 4,028 SF suite, adding approximately $75,000 to the projected Net Operating Income. Redbud Commons is anchored by a BI-LO grocery store with exceptional annual sales. The property enjoys density of 105k people in a 5-mile radius with a projected 5-Year growth rate of over 8%, tremendous traffic counts of 35,000 VPD at the intersection, and a large corner parcel of nearly 9 acres. Redbud Commons is a rare opportunity to purchase a high-quality grocery-anchored center in the immediate Charlotte MSA that has upside. Given the property’s large size, location in the heart of Gastonia’s bustling residential corridor and proximity to Interstate 85, Redbud Commons presents an excellent investment opportunity.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
201357
Land Assessment
$2,288,151
Improvements Assessment
$7,483,561
Total Assessment
$9,771,712
  • Listing ID: 14902568

  • Date on Market: 2019-01-17

  • Last Updated:

  • Address: 2601-2609 S New Hope Rd, Gastonia, NC 28056

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