Viewmont Square Corner Restaurant/Bar
1383/1381 N Center Street Hickory, NC 28601
1383/1381 N Center Street, Hickory, NC, 28601
$875,000
For Sale
$875,000
Restaurant/bar space in a popular area with equipment included.
Property Size3,833 SF
Price / SF$228.28
Days on Market420
Property Features for 1383/1381 N Center Street
General Information
- Standard status
- Active
- Size
- 3,833 SF
Building Details
- Year Built
- 2006
Listing Agency
REALTY EXECUTIVES OF HICKORY
Listed by
BYRON YARBROUGH
Source
Corcoran
Added: May 28, 2025 Updated: Mar 16 at 9:08 am Checked: Mar 16 at 9:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY EXECUTIVES OF HICKORY
Investment Insights
Based on property information with market context.
This 3833 square foot corner location in Shops at Viewmont Square presents a great opportunity in a popular, proven area. Currently set up as a restaurant and bar space, it could also be used as office, business, medical, or attorney offices, similar to some neighboring establishments. The current setup includes approximately 2400 square feet for the restaurant and 1433 square feet for the bar. The two buildings are connected through the kitchen, allowing for combined use or independent operation, with both having front and rear entrances. A significant amount of equipment remains, including an extra-large hood, two walk-in coolers, a draft beer system with cooling, a cleaning station, and an office area. There are four bathrooms and ample indoor seating, along with an outdoor patio. The parcels could be sold separately, offering various possibilities for operating the restaurant and bar separately or complimentarily.
Key Highlights
- High‑visibility corner location in the established Shops at Viewmont Square.
- Existing restaurant/bar setup with substantial equipment included (XL hood, walk‑in coolers, draft beer system, etc.).
- Flexible space: Two connected buildings allow for combined or independent operation.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $18.96 |
| − Vacancy | −$4.4k | −$1.14 |
| EGI | $68.3k | $17.82 |
| − OpEx | −$17.1k | −$4.46 |
| NOI | $51.2k | $13.37 |
3,833 SF · lease $18.96/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$731.9K
$640.4K – $853.9K
NOI $51,235 @ 7.0% cap · market cap 5.86%
Second Best
Retail
$597.6K
$522.9K – $697.2K
NOI $41,831 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.12M
$979.7K – $1.31M
NOI $78,377 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Bistro 127 Catering — 2039 N Center St, Hickory, NC 28601
- JB's Rolling Bistro, LLC — 361 10th Ave Dr NE, Hickory, NC 28601
FAQs
What type of property is this?
Restaurant - Restaurant/bar space in a popular area with equipment included.
Where is this restaurant located?
The property is located at 1383/1381 N Center Street Hickory, NC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: High‑visibility corner location in the established Shops at Viewmont Square.; Existing restaurant/bar setup with **substantial equipment included** (XL hood, walk‑in coolers, draft beer system, etc.).; Flexible space: Two connected buildings allow for combined or independent operation.
