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318 S South St
Gastonia, NC 28052
Office Property For Sale
Investment Highlights
- Two-story masonry office building with 5,824 SF on 0.26 acres.
- Upper floor leased to State Farm agency providing stable income.
- Located near Downtown Gastonia with access to I-85 and Charlotte Douglas International Airport.
- Ground floor features renovated keyman suites and shared amenities.
- Net Operating Income of $82,327.20 for 2026.
- Updated finishes, keypad-access entry, and dedicated on-site parking.
Executive Summary
Ground Floor: Move-in ready keyman suites varying in size and orientation. The offices were recently renovated with a common area break room, utility room and multiple restrooms. The ground floor offers tenants smaller office suites and flexible coworking opportunities within am professional business environment. All tenants have secured keypad access from a large, dedicated parking lot.
Upper Floor: Exclusively leased to a local State Farm agency that has served as the legacy property tenant. While the lease is with an individual agent rather than State Farm corporate, the tenant benefits from the operational support, brand strength, and business model stability of one of the largest insurance companies in the United States. State Farm agents typically maintain long-term office locations tied to their book of business, and this renewal further confirms the tenancy’s stability.
Upper Floor: Exclusively leased to a local State Farm agency that has served as the legacy property tenant. While the lease is with an individual agent rather than State Farm corporate, the tenant benefits from the operational support, brand strength, and business model stability of one of the largest insurance companies in the United States. State Farm agents typically maintain long-term office locations tied to their book of business, and this renewal further confirms the tenancy’s stability.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,824 SF
Building Class
B
Year Built/Renovated
1952/2019
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,788 SF
Building FAR
0.51
Lot Size
0.26 AC
Zoning
UMU - Urban Mixed Use
Parking
14 Spaces (2.51 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Kitchen
- Central Heating
- Natural Light
- Partitioned Offices
- Drop Ceiling
- Wi-Fi
- Air Conditioning
Property Taxes
| Parcel Number | 108635 | Improvements Assessment | $432,906 CAD |
| Land Assessment | $62,286 CAD | Total Assessment | $495,192 CAD |
Property Taxes
Parcel Number
108635
Land Assessment
$62,286 CAD
Improvements Assessment
$432,906 CAD
Total Assessment
$495,192 CAD
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