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    1862 Us Highway 70 Hickory, NC 28602

    Sponsored
    For Lease
    Contact for pricing

    Prime 1-Acre Commercial Lot in Hickory

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial lot presents a unique investment opportunity in the thriving city of Hickory, North Carolina. Located at 1862 US Highway 70 SE, this Class A property offers significant potential for various commercial developments. The single-tenant zoning allows for flexibility in project planning, minimizing complexities associated with multi-tenant properties. The expansive lot size provides ample space for construction, ensuring ample room for building design and future expansion. Situated in Catawba County, this location benefits from excellent visibility and accessibility along a major highway, guaranteeing high traffic volume and strong brand exposure. The property's classification as both retail and office space allows for a wide range of potential uses, catering to diverse business needs. This prime location in Hickory offers a strategic advantage for businesses seeking to establish a strong presence in a growing market. The property's size and zoning make it ideal for a variety of commercial ventures, from retail establishments to executive office spaces. The address, 1862 US Highway 70 SE, Hickory, NC 28602, provides easy access to major transportation routes, enhancing its appeal to potential tenants and investors. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location with high growth potential. The property is ready for immediate development, presenting a compelling investment prospect for discerning buyers.

    Property Features for 1862 Us Highway 70

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    Class
    A

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • Retail pad available for sale or lease on Hickory's main retail thoroughfare.
    • High traffic count exceeding 20,000 vehicles per day.
    • Strong co‑tenancy with national brands including Chick‑fil‑A, Chipotle, McDonald's, Starbucks, Five Guys, Panera Bread, and Longhorn Steakhouse.
    • Excellent access to I‑40 and US‑321.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Citizens Bank ... Atm

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail 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
    -81.3064556
    Latitude
    35.706612

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    FAQs

    What type of property is this?
    Land - Prime 1-Acre Commercial Lot in Hickory
    Where is this land located?
    The property is located at 1862 Us Highway 70 Hickory, NC.
    What are key features of this property?
    This property features: Retail pad available for sale or lease on Hickory's main retail thoroughfare.; High traffic count exceeding 20,000 vehicles per day.; Strong co-tenancy with national brands including Chick-fil-A, Chipotle, McDonald's, Starbucks, Five Guys, Panera Bread, and Longhorn Steakhouse.
    Request Owner's contact information
    1862 Us Highway 70 Hickory, NC 28602
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    Hickory, NC 28602
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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
    1862 Us Highway 70 Hickory, NC 28602
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