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    1117-1127 2Nd St Hickory, NC 28601

    For Sale
    $978,000

    Three income buildings, ample parking, prime location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents three contiguous commercial buildings totaling over 8,750 square feet situated on a 0.43-acre lot in Hickory, NC's vibrant Viewmont area. The property boasts a high daily traffic count exceeding 26,000 vehicles. The buildings are currently generating income from multiple tenants with varying lease terms. 1117 and 1119 2nd St NE comprise approximately 4,500 square feet, featuring four bathrooms, a break room, conference rooms, and showroom space. This building has the potential for three separate rental units, with the front portion recently leased for a three-year term. 1125 2nd St NE offers 2,250 square feet of office, showroom, and workspace, currently leased with nearly three years remaining on the lease. Finally, 1127 2nd St NE is a 2,000-square-foot retail space with a lease term of nearly two years. The property includes a substantial parking area. Each building's front provides 11 parking spaces (distributed as 5, 3, and 3), while 1125 and 1127 each have an additional three spaces at the rear. A separate parcel (Parcel ID: 370311659487) adds 16 more parking spaces to the total. The current cap rate, with two vacant spaces, is 6%, projecting to a 10%+ cap rate at full occupancy. This presents a strong return on investment in a high-traffic location.

    Property Features for 1117-1127 2Nd St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.33533
    Latitude
    35.74834

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    FAQs

    What type of property is this?
    Commercial real estate - Three income buildings, ample parking, prime location.
    Where is this commercial real estate located?
    The property is located at 1117-1127 2Nd St Hickory, NC.
    What is the asking price?
    The asking price for this property is $978,000.
    (828) 228-2010
    Request Owner's contact information
    1117-1127 2Nd St Hickory, NC 28601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1117-1127 2Nd St Hickory, NC 28601
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