The Penegar Buildings
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The Penegar Buildings
4 Properties Offered at $3,400,000 in Gastonia, NC
Investment Highlights
- Central Business District
- Frontage on W. Franklin Blvd
- Private Parking
Executive Summary
Locally known as The Penegar Buildings, these four adjoining properties are a contributing part of the Downtown Gastonia National Register Historic District and are recognized for their unique historic significance by Preservation North Carolina. With storefronts on West Franklin Blvd near the corner of South Street, the buildings have excellent visibility. Included in the sale is the adjacent private parking lot in rear with entrance on South Street. The properties are adjacent to the Gastonia Conference Center and Center City Crossings apartment complex (occupancy March 2024). Combined 20,075 SF +/- with good flexibility for configuration. 176 W Franklin has been updated and sealed off for standalone use and currently has a tenant in place. All roofs were replaced in 2023. There is potential for historic tax credits with this sale. To schedule your preview please contact Mo Sallah with Mountain View Commercial Real Estate at 980.522.8363.
Property Facts
| Price | $3,400,000 | Number of Properties | 4 |
| Price / SF | $146.94 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 23,138 SF |
| Status | Active | Total Land Area | 1.24 AC |
| Price | $3,400,000 |
| Price / SF | $146.94 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 23,138 SF |
| Total Land Area | 1.24 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 178 Franklin blvd, Gastonia, NC 28052 | Office | 3,063 SF | 1946 | - |
| 170 W Franklin Blvd, Gastonia, NC 28052 | Retail | 8,264 SF | 1945 | - |
| 164 W Franklin Blvd, Gastonia, NC 28052 | Office | 5,093 SF | 1921 | - |
| 176 W Franklin Blvd, Gastonia, NC 28052 | Retail | 6,718 SF | 1927 | - |
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The Penegar Buildings
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