Commercial Investment Opportunity
Price
$6,000,000
Off-Market Industrial Investment Opportunity
📍 1004 & 1008 E Long Ave, Gastonia, NC 28054
Asking Price: $6,000,000
📩 Submit All Offers to: investments@promiselandrealtyllc.com
💰 Seller Open to Reasonable Seller Financing
Property Overview
This rare 115,000 SF two-building industrial/showroom opportunity sits on 7 acres (304,920 SF) in the growing Gaston County industrial submarket, just west of Charlotte Douglas International Airport. This multi-tenant asset presents strong in-place income with significant lease-up potential, ideal for investors seeking a value-add industrial property with long-term upside.
Property Highlights
Two Multi-Tenant Buildings:
1004 E Long Ave – Built in 1983
1008 E Long Ave – Built in 1910
Construction & Structural Features:
6” reinforced concrete slab
Wet sprinkler system
2 elevators
Ceiling Heights: 13’-18’ clear heights throughout
Loading: 5 dock doors (No drive-ins or levelers)
Parking: 27 surface spaces
Zoning: COM (Commercial) – Retail, industrial, and showroom use
Parcel ID: 104651 (+1 additional parcel)
Income & Lease Overview
✅ Total Leased Space: 12,200 SF
✅ Annual Gross Revenue (Current): $98,400
✅ Pending & Potential Leases Could Increase Revenue to $218,460+
Existing Tenants
Tenant | SF | Rent/SF | Lease Expiration |
Tenant 1 | 3,200 SF | $8.60/SF | 12/2025 |
Tenant 2 | 3,200 SF | $7.88/SF | 01/2026 |
Tenant 3 | 3,000 SF | $8.60/SF | Month-to-Month |
Tenant 4 | 2,800 SF | $7.93/SF | Month-to-Month |
Pending & Seller Leaseback
Pending Lease: 6,700 SF @ $54,000/year
Seller Leaseback: 18,000 SF @ $3.67/SF ($66,060/year)
Total Future Revenue Potential (Stabilized): $218,460+
Vacancy & Value-Add Opportunity
83,000 SF vacant, allowing significant leasing upside
Favorable Gross Lease Structure with potential for NNN conversion
Ideal for Light Industrial, Showroom, or Flex Space Users
Gaston County Industrial Market Overview
✅ 8.4M SF of new industrial space added since 2022
✅ Strong transportation access via I-85 & close proximity to Charlotte Douglas International Airport
✅ Market Rents Up 5.4% YoY – Average Asking Rent: $6.85/SF (Still below Charlotte’s $9.56/SF)
Investment Highlights
Stable Income Base: Leased through 2025-2026 with month-to-month tenants for flexibility
Immediate Revenue Growth: Pending leases & seller leaseback will more than double current NOI
Significant Lease-Up Potential: 83,000 SF vacant space = major value-add opportunity
Strategic Location near Charlotte’s transportation infrastructure
Lower Acquisition Costs compared to Charlotte core, offering strong appreciation potential
📩 Submit All Offers to: investments@promiselandrealtyllc.com
💰 Asking Price: $6,000,000 – Seller Open to Reasonable Seller Financing
TEAM PROMISELAND NOTICE
🚨 No unauthorized marketing of this listing is permitted. Only members of TEAM PROMISELAND and approved affiliates may advertise this opportunity. Unauthorized use of this listing will result in a $500 fine per occurrence.
Property Map
"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
PROMISE LAND REALTY, LLC
Work: 248- 416-2574
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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