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29147378
29147379

1925 Davis Park Rd, Gastonia, NC 28052

SH
NC279321, SC90470
Piedmont Properties
Listed by Piedmont Properties
$3,750,000
146 days on market
Updated 64 days ago

1925 Davis Park Rd

Details
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 46,200
Units 5
Occupancy 8.43%
Tenancy Multi
Lease Type NNN
Price per SqFt $81
Buildings 1
Stories 1
Acreage 7.000
Zoning C-2 CD
Investment Type Value Add

Retail Center Offering: Leased Inline Shops + Anchor Tenant Opportunity

Marketing description

Piedmont Properties of the Carolinas, Inc. is pleased to present the opportunity to acquire a ±46,200 square foot neighborhood shopping center situated on ±7.07 acres with 243 parking spaces, offering a strong physical footprint and immediate value-add potential. The property is anchored by a ±42,680 square foot vacant former grocery store, presenting a compelling opportunity for re-tenanting to drive future income and enhance overall asset value. Complementing the anchor are four ±1,200 square foot inline retail spaces, three of which are currently leased to established tenants including Little Caesars, Kim Nails, and China City, providing stable in-place cash flow with additional upside through lease-up of the remaining vacant unit. The property is adjacent to Mattamy Homes’ Westfall residential development, which will deliver over 125 townhomes and 175 single-family homes to the area, positioning the center to benefit from ongoing residential growth, increased consumer demand, and long-term appreciation within the surrounding market.

Investment highlights

• ±46,200 SF total - former Bi-Lo shopping center

• ±7.07 acres with 243 parking spaces

• Zoned C-2 CD (Gaston County - Highway Commercial)

• ±42,680 SF anchor space - VACANT

• Four ±1,200 SF retail units:

  1. Unit 1935-A: Leased to Little Caesars

  2. Unit 1925: Leased to Kim Nails

  3. Unit 1965: VACANT

  4. Unit 1975: Leased to China City

Listing Contacts

SH
NC279321, SC90470
Piedmont Properties
Listed by Piedmont Properties

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