415 White Street
About This Property
C-3 zoning provides a wide range of potential uses, including retail, restaurants, medical offices, auto parts, building materials, gyms, multi-family, townhomes and other permitted or supplemental uses. Public water and sewer are already in place, helping streamline future development.
Concept plans are available for a self-storage facility, 18-unit apartment complex and 11-unit townhome development, offering a starting point for exploring several potential uses. Approximately 76,000 residents are located within a 5-mile radius, with a reported median household income of $119,520. Buyer to verify zoning, permitted uses, site plan requirements, utilities and development potential with the appropriate governing authorities. A unique opportunity to bring your commercial or residential vision to a highly visible Gastonia location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2026 | Listed by Keller Williams Connected | $248,000 | |
| Listed by Keller Williams Connected | |||
| Jul 8, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 29, 2026 | Price Decreased |
$200,000
↓ $48K
(19.2%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$247,500
↓ $3K
(1%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Decreased |
$250,000
↓ $15K
(5.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017