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    229 1St Ave NW Hickory, NC 28601

    For Sale
    $2,100,000

    1.85 acres with commercial buildings and rental income.

    Property size:
    2 SF
    Lot size:
    1.41 Acres

    Property Features for 229 1St Ave NW

    General Information

    Size
    2 SF
    Lot size
    1.41 Acres

    Source: Carolina Development Partners Agent Nicholas Marinelli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Downtown Hickory

    This property features 1.85 acres of commercial land located in downtown Hickory, at the corner of 1st Ave SE and 2nd St Place SE. The property includes three separate commercial brick buildings, offering a total of four rentable spaces. Currently, two of the buildings are rented. The listing encompasses Catawba County PID numbers 370207791150 and 370207699114.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shear Grace Institute ... Beauty School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -81.3349183
    Latitude
    35.7309455

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    FAQs

    What type of property is this?
    Retail property - 1.85 acres with commercial buildings and rental income.
    Where is this retail property located?
    The property is located at 229 1St Ave NW Hickory, NC.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - 1.85 acres of commercial property in downtown Hickory.; - Prime corner location at 1st Ave SE and 2nd St Place SE.; - Includes 3 separate brick buildings with 4 rentable spaces.
    (704) 622-2772
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    229 1St Ave NW Hickory, NC 28601
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    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
    229 1St Ave NW Hickory, NC 28601
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