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$640,500
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Property Description
This is not just a building - it's a piece of Lowell's history waiting for its next chapter. Built in 1921, this former bank sits proudly on the corner of E First Street in the heart of Historic Downtown Lowell. Solid brick, full of character, and still home to the original bank vault, it offers the kind of charm and authenticity you simply can't recreate. Positioned on a corner lot with strong street visibility, this property gives you presence. Whether you're dreaming of a café, office space, studio, salon, or multi-tenant investment, the layout allows for up to three separate business spaces. There's also a connecting doorway to 100 Main Street, giving you the flexibility to keep everything unified or operate independently. Upstairs, you'll find additional square footage perfect for offices, creative studios, co-working space, or potential future residential use (buyer to verify). The walkable location puts you steps from parks, city hall, local shops, and ongoing downtown development - exactly where foot traffic and community activity are growing. Lowell is a town on the rise, known for its mill-town roots, close-knit community, and revitalized downtown energy. With quick access to I-85 and less than 20 minutes to Charlotte, this location blends small-town character with big-city convenience. Whether you envision a modern café built around the original vault, retail space with historic charm, or a multi-use investment property, 101 E First Street is a rare opportunity to own something truly special in one of Gaston County's most charming downtowns.
Full Property Details
Full Property Details for 101 E 1st St
General
- Price: $640,500
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4325996
- Updated: 1/14/2026
- Added to Site: 48 day(s) ago
Location
- County: Gaston
- Driving Directions: Take the ramp onto I-85 South toward Gastonia. Travel on I-85 S for about 1 mile. Take Exit 23 for NC-7 / McAdenville / Lowell. At the top of the ramp, turn left onto NC-7 / McAdenville Rd toward Lowell. Continue straight for about 0.5 miles. At the light, turn right onto N Main Street, entering downtown Lowell. Go about 0.2 miles, then turn left onto E First Street. 101 E First Street will be on your right a short distance down the road.
- City Limits: Yes
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Basement: Yes
- Basement Desc.: Partial
- Minimum Avail: 4,270 Sq. Ft.
- Year Built: 1921
Lot Features
- Street/Road Desc.: Paved
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Restrictions: Other - See Remarks
- Inclusions: Building, Land
- Property ID: 128384
- Lot Number: 3190/0044
Listed by Century 21 Town & Country Rlty
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Schools
Schools serving 101 E 1st St
School District:Gaston County Schools
| Name | Grades | Distance |
|---|---|---|
Lowell Elementary School 1500 Power Drive, Lowell, NC 28098 | PK-5 | 1 mi |
Holbrook Middle School 418 South Church Street, Lowell, NC 28098 | 6-8 | 0.3 mi |
Ashbrook High School 2222 South New Hope Road, Gastonia, NC 28054 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 E 1st St
Date
Details
Price
Change
Source
11/29/2025
Listed
$640,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 101 E 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,104
—
$196,800
—
2024
$2,104
-10%
$196,800
—
2023
$2,332
7%
$196,800
20%
2021
$2,172
-6%
$164,530
—
2022
$2,320
12%
$164,530
—
2020
$2,073
20%
$164,530
24%
2017
$1,724
—
$132,577
—
2016
$1,724
—
$132,577
—
2015
$1,724
-18%
$132,577
-19%
2019
$2,090
52%
$164,530
56%
2014
$1,371
2%
$105,477
—
2013
$1,340
—
$105,477
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 101 E 1st St
101 E First Street, Lowell, NC 28098 (MLS# 4325996) is a Commercial property. 101 E First Street is currently listed for $640,500 and was received on November 29, 2025. Want to learn more about 101 E First Street? Do you have questions about finding other Commercial real estate for sale in Lowell? You can browse all Lowell real estate or contact a Coldwell Banker agent to request more information.

