The Penegar Buildings
- $3,400,000
- 20,075 square feet
- Lot Size: 0.48 acres / Zoning: Central Business District
Patty Neinast, Partner and Co-Broker, REALTOR®
Mountain View Commercial Real Estate LLC
980-522-8363,
Patty@mvcommercialre.com
or
Mo Sallah, Partner and Co-Broker, REALTOR®
Mountain View Commercial Real Estate LLC
980-522-8363,
Mo@mvcommercialre.com
Downtown Gastonia Historic District commercial buildings located within an Opportunity Zone–one with a tenant in place–are ideal for adaptive reuse !
Locally known as The Penegar Buildings, these four adjoining properties are located in the Downtown Gastonia National Register Historic District (numbers 82, 83, and 84 are noted as contributing buildings making them eligible for historic preservation tax credits). Built in 1910, 1920 and 1946, the properties include three storefronts on West Franklin Blvd, an attached Annex Building and adjacent private parking lot. 176 W Franklin has been updated and currently has a tenant. Roofs were recently updated, along with partial HVAC and electrical updates. Adjacent to the Gastonia Conference Center, the properties are zoned CBD and located in an Opportunity Zone.
Click here to download the commercial property packet with additional photos and floor plans.
The buildings are located at 164, 170, 176, 178 W Franklin Blvd.
The square footage and lot size are approximate for the combined buildings and parcels.
The first floor of the annex building is available for lease.
The Penegar Building, Public Service Company of North Carolina Office Building, and Union Bus Station Building are under protective covenants held by Preservation North Carolina. Please contact Dawn Williams at dwilliams@presnc.org or 919-832-3652 x221 to request a copy of these covenants.
