Property summary
This exceptional investment opportunity encompasses two buildings totaling approximately 3,860 square feet on a 0.15-acre lot in the heart of downtown Hickory, North Carolina. Located at 6 & 10 1st Avenue NW, this property offers a unique blend of commercial spaces. One building, featuring approximately 860 square feet, is currently leased to a restaurant tenant, providing immediate cash flow. The second building, a former elevator service building boasting approximately 3,000 square feet, showcases original character with exposed brick walls, wooden floors, and large windows. Its adaptable interior presents significant potential for various commercial uses. The property benefits from its strategic location across from the new One North Center Apartments and one block from the new City Walk, ensuring high visibility and foot traffic. Within walking distance of Union Square, diverse dining options, entertainment venues, and retail establishments, this property is ideally positioned to thrive. Ample on-street parking is available directly in front, supplemented by a nearby public parking lot. The property is zoned C-1, offering flexibility for a range of commercial ventures. This is a rare chance to acquire a substantial downtown Hickory property with existing income and significant upside potential. The asking price for both buildings is $550,000.
Property profile
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Zoning & alternative use
The C-1 is intended to preserve and enhance downtown Hickorys role as a commercial, financial, cultural and governmental center. In recognition of the downtown areas historic building pattern and the communitys planning…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Hickory, NCThe C-1 is intended to preserve and enhance downtown Hickorys role as a commercial, financial, cultural and governmental center. In recognition of the downtown areas historic building pattern and the communitys planning…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-1 is intended to preserve and enhance downtown Hickorys role as a commercial, financial, cultural and governmental center. In recognition of the downtown areas historic building pattern and the communitys planning…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Hickory, NC.
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