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Investment Highlights

  • High visibility and traffic near Center City and frontage on East Virginia Ave.
  • Sidewalk in place.
  • Alleyway in back of property for more access!
  • On street parking.
  • New health care facility Kintegra is finished across the street and is open October 2024.
  • Have letter for free water connection taps.

Executive Summary

275' Frontage | Walkable Downtown Location | 139 Apartments Nearby | Medical Campus Across Corridor | Approved 19-Unit Townhome Development Adjacent
Rare redevelopment opportunity in the heart of downtown Bessemer City. This highly visible site features approximately 275 feet of frontage along East Virginia Avenue (Highway 274) and is positioned within one of Gaston County's fastest-growing corridors.
The property is located within a one-minute walk of the completed Lofts at Osage Mill redevelopment, a 245,000-square-foot historic mill conversion featuring 139 apartment homes that has brought hundreds of new residents to downtown. Directly across the corridor, Kintegra Health's new medical campus provides comprehensive healthcare services and generates significant daily traffic.
Recent approval of a nearby 19-unit, three-story townhome development further demonstrates the city's support for higher-density residential growth and continued investment in the downtown district. Existing sidewalks, on-street parking, rear alley access, and walkability to restaurants, retail, and services enhance the property's redevelopment potential.
Ideal for mixed-use, residential, retail, restaurant, office, medical, or townhome development opportunities, subject to applicable zoning and municipal approvals.
Highlights:
• 275 feet of frontage on East Virginia Avenue (Highway 274)
• One-minute walk to Lofts at Osage Mill (139 apartments)
• Near newly opened Kintegra Health campus
• Adjacent to approved 19-unit townhome development
• Sidewalks, on-street parking, and rear alley access
• Walkable downtown location
• Minutes from CaroMont Health, FUSE District, Two Kings Casino Resort, and Crowders Mountain
• Located in rapidly growing Gaston County

Property Facts

Price $375,091 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Apartment Units
  • Fast Food
  • Restaurant
Total Lot Size 0.88 AC
Zoning CC - Center Zoning - Ideal plans would include retail on 1st floor and residential floors 2-3. Recently approved project located at 103 S. 8th Street.

1 Lot Available

Lot

Price $375,091 CAD
Price Per AC $426,239.67 CAD
Lot Size 0.88 AC

0.88 AC property available for $299,000. Rear alleyway and on street parking plus 245 feet of street frontage.

Description

Osage Mills is currently leasing the 139 apartments and will add 8% population to Bessemer City when fully leased. Remarkable opportunity to invest or develop in downtown Bessemer City that is part of one of the fastest growing counties in the area. This property is minutes away from Caromont Hospital, new Fuse district, new Two Kings Casino and hiking at Crowders Mountain. Our two parcels are within a two minute walk to Osage Mills and downtown Bessemer City which features restaurants and retail along a sidewalk already in place on parcels. Road frontage is 275 feet along East Virginia Avenue. This is a highly visible and high traffic location! Parcel # 121417 is included in total acreage. Kintegra medical complex is completed and open as of October 1, 2024. Recently approved 7/30/24 close by on .80 acres 19 three story townhomes. Former underground storage tanks have been removed and remediated under NCDEQ oversight. Recorded Notice of Residual Petroleum in place with municipal water and sewer service available. Environmental documentation available upon request. I added a document to files.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
121417
Land Assessment
$43,080 CAD
Improvements Assessment
$0 CAD
Total Assessment
$43,080 CAD
  • Listing ID: 24111055

  • Date on Market: 2021-09-16

  • Last Updated:

  • Address: 207 E Virginia Ave, Bessemer City, NC 28016

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