Wednesday, January 23, 2008
If you were to purchase my Kings Mountain Property, all three pieces in a bundle, with a downpayment and a mortgage for $250,000.00 assuming you got a prime rate loan amortizing over 20 years then:
Last Week Prime was 7-1/4% and each $10,000.00 borrowed was $79.04 times 25 = $1,976.00
This Week Prime is 6-1/2% and each $10,000.00 borrowed is $74.56 times 25 = $1,864.00
Expected Prime is 6% and each $10,000.00 borrowed is $71.65 times 25 = $1,791.25
A monthly savings of as much as $184.75. Smart investors are looking for bargains now and they will profit on the rebound.
Friday, January 18, 2008
Tuesday, January 15, 2008
My friend Mike Lakhany, who is redeveloping the Old Harris Pool Building, has two retail commercial units under 2,000 sq ft available in the Franklin Square Area across from the movies. His rates include all utilties as well as CAMARA. The current tenant is the Jeans Outlet.
Call me now or call Mike 704-674-6596 and say you saw it here.
I hope to have pictures tomorrow.
Monday, January 14, 2008
First case in point is electric rates are proposed to rise 7%. Does not the City of Gastonia take money from the Electric Fund and transfer it to the General Fund? So do the Electric Operations require funds or is it the General Fund? Is this raising money for downtown redevelopment costs?
Second case in point is the proposed recreation impact fee on new houses. Gazette article reports the costs of $25 million dollars total and $20 million dollars alone in the booming South area of Gastonia.These costs just covered the housing already approved. I believe a cost of providing this recreation was given as far less than $1,000.00 per home. Math says $25,000,000.00 divided by $1,000.00 for easy math is 25,000 new approved homes? Latest permit data shows average new home in Gastonia is about $163,000.00. At the current City of Gastonia Property Tax Rate of $0.53 per mil City Revenue on 25,000 new average homes would be $21,597,500.00 every year from which no recreation funds can be found? New revenue source for recreation frees money in the General Fund for other projects such as downtown?
There are multiple ways for a City government to raise money other than property tax but every one of those ways still rests squarely on the backs of the citizens. There is no free ride and this must be part of the Downtown Redevelopment Debate.
Good Job Michelle! The City of Gastonia through the work of Michelle Nance gave a seminar this past Friday on the Rehab Code. The Rehab Code is a powerful tool in working with existing buildings for repair, change of use and renovation. Property Owners would be smart to hire contractors and architects who learn to use this tool! Plus by sponsoring the work shop the City has signalled their approval and promotion of this tools use. Gaston County Code Officals were also attending so I have to think they see the potential in this tool as well.
Friday, January 11, 2008
SALE -Approximately One Acre Lot - In Front of Howell Funeral Home. Lot is part of PUD which includes Funeral Home. Lot is level. Storm Water/Sewer/Water/Paving/ Sidewalk/Entry all currently in place. Zoning allows 51% office and 49% retail. Ready to Build.
SALE - Cleveland County Parcel #8851, Floyd St., approximately 2.79 acres of land zoned Industrial, Water/Sewer $55,000
SALE - Cleveland County Parcel #13431, Kiser St., 5,000 sf metal building on approximately 1 acre. Water/Sewer, $150,000
SALE - Cleveland County Parcel #71216, Cline St., has 2 buildings, 1 = 1,650 sf, 1= 4,560 sf, both on approximately 1 acre. Water/Sewer for $145,000
PRE-LEASE UNITS - 4459 Posterity Court. approximately 2.34 acres Zoned C-3 includes County Soil and Erosion Control Approved Plans and City of Gastonia Engineering and Zoning Permits.
SALE - South New Hope Rd. almost to new Food Lion at Beatty Rd. (across from Car Wash) Lot of approximately 1.45 acres with C-3 Zoning. Call or Email for Details.
SALE - Exit 22 I-85 @ Lowell - over 8 acres total. Master Plan shows C-Store Site, Hotel Site, (2) Restaurant Sites and Flex Site for Hotel/Restaurant. More details at http://www.gastoncommercial.com/
SALE - Exit 22 I-85 Lowell - Northeast Corner of Interchange-2 Lots Available Call or Email for Site Sketches for potential uses.
SALE - 820 South Main St. Lowell (Exit 22 I-85) 8,000 SF Metal Building and approximately 1 acre lot.
No Units Currently Available For Lease in 2T Park
All Listings are by Owner/Broker or Broker
Tuesday, January 8, 2008
Now your thinking he is blogging just to blog and this can never have to do with real estate, construction or development but it does. Everybody has become conditioned to lowest price or lowest bid. Few people use the old formula of Value= (Price & Quality) and far too many use Value= Lowest Price. Well just like juice and soft drinks nothing in real estate, development or construction cannot be cheapened by how its made or what its made with. Low bidder is usually the guy who sees the least in a job.
This is why I have spent a career not seeking to be the low bidder but in providing more "bang" for the dollar. I want my clients to say, " I got more for my project dollars with him than I could have any where else".
Monday, January 7, 2008
- Progressive Local Government in Lowell Town Council
- Duke Power Electricity Service and Rates
- Lowell Property Tax Rates
- Public Service Natural Gas Rates and Service
- Lowell Water and Sewer Rates
- Lowell has Liquor By The Drink Approved for Restaurants and Hotels
These are benefits now and for in the future. Call to find out more.
Friday, January 4, 2008
Thursday, January 3, 2008
Having watch a lot of TV, football bowl games, during the Holidays I have a beef with some of the selective advertising by some metal building companies. They select all the positives of metal construction and tell you in a Wal-Mart style you can do even better by using a national company. Basicly the pitch is buy the package from us and save, save, save because there really isn't much else to a building project. People buy it because it is what they want to believe.
The reality is the package might be a large dollar item in the Scope of Work but the time it takes to order the building is small. Note I did not say design the building because designing the building involves interaction with local codes.
When you are ready to build think about the following: compliance with local zoning codes, site layout per local zoning codes, approval of storm water management plans to meet local ordinances, design and approval of local soil and erosion plans and now you think about designing a building but not just the metal package. Plans must be drawn for foundations, ingress and egress (doors and windows), fire protection (walls, smoke partitions, sprinklers), energy codes for HVAC and insulation, electrical plans, plumbing plans and up fit floor plans.
Why do you think the largest metal building manufacturing companies in the world use a network of local builders? Construction is a business that requires local knowledge and local presence. In the end the local Contractor has knowledge and experience to save you time and money far beyond the one time savings of a nationally marketed building package.