287 29Th Ave Hickory, NC 28601

Exceptional 7.59-acre commercial land parcel located at 287 29th Avenue NE in Hickory, North Carolina, is offered at $1,200,000. This property presents a unique redevelopment opportunity, boasting a gently sloping, wooded terrain ideal for various projects. Its strategic location along 29th Avenue NE, just one block from Highway 127, ensures excellent accessibility and visibility. Currently zoned R-2, the land offers potential for rezoning to PD, allowing for a high-density development of up to 20 units per acre. Existing infrastructure includes readily available city water and sewer taps. While a brick home and barn are present on the site, their value is considered negligible. Importantly, the North Carolina Department of Transportation (NCDOT) has proposed the Project U-2307B / 29th Ave NE Expansion, a widening project funded and scheduled for right-of-way acquisition in Fall 2025, with construction anticipated to commence in Summer 2029 (dates subject to change). A public planning meeting is slated for Winter 2024. The expansive lot size totals 330,620 square feet, offering ample space for a significant development. This property is a compelling investment for developers seeking a prime location with significant growth potential in a thriving area. The property is located in Catawba County, NC, zip code 28601.