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1519 N Webb St
Gastonia, NC 28052

Arlington School · Specialty Property For Sale · 57,000 SF

Investment Highlights

  • Within the city’s FUSE redevelopment project which means ease of funding for the area
  • 5 million dollar replacement value on the brick alone.
  • One mile away from the new baseball stadium under construction

PROPERTY FACTS

Property Type Specialty
Property Subtype Schools
Building Class C
Lot Size 3.50 AC
Building Size 57,000 SF
No. Stories 2
Year Built 1924
Tenancy Single

Amenities

  • Air Conditioning

About 1519 N Webb St , Gastonia, NC 28052

Very close to the new baseball stadium currently under construction in downtown Gastonia, NC. This is an excellent opportunity for workforce housing. The replacement value on the brick alone is over 5 million. 100 year old Chestnut trees on the front lawn. This property is included in the Gaston County redevelopment project, know as FUSE. The primary benefit of the project is leverage in funding from banks as the entire neighborhood is under redevelopment and supporting the new baseball stadium set to open in 2021. The gym is 8,000 square feet. The cafeteria has original yellow subway tiles and is 6,000 square feet. The cafeteria roof does not leak. There are leaks in the gym and auditorium. There are 12 large classrooms up and 10 classrooms down. In addition to the main floor and second floor, there is another 10,000 sf basement not included in the 51,000 sf. The original stairwell well is a great location for an elevator. Handicap entrance is in place at the cafeteria entrance. Perfect for a restaurant or brewery. The building has 2 large paved parking lots. One at the cafeteria and one at the gym. The value is in the location and the beautiful brick structure. The building needs a new roof, electrical, plumbing, floors, walls, ac and security. It is a beautiful shell, the interior is a complete redo.Some classroom furniture included. Motivated seller.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
220755
Land Assessment
$88,000
Improvements Assessment
$243,360
Total Assessment
$331,360

zoning

Zoning Code Commercial (Can be commercial, residential or mixed use)
Commercial (Can be commercial, residential or mixed use)
  • Listing ID: 17542414

  • Date on Market: 10/24/2019

  • Last Updated:

  • Address: 1519 N Webb St, Gastonia, NC 28052

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