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    287 29Th Ave Hickory, NC 28601

    Sponsored
    For Sale
    $1,200,000

    7.59 Acres, Prime Redevelopment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 287 29Th Ave

    General Information

    Property type
    Land

    HighLights

    • 7.59‑acre commercial land parcel in Hickory, NC, offered at $1,200,000.
    • Gently sloping, wooded lot ideal for redevelopment.
    • Excellent accessibility and visibility on 29th Ave NE, one block from Highway 127.
    • R‑2 zoning with potential for rezoning to PD (up to 20 units per acre).
    • City water and sewer readily available.
    • 330,620 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    CAtawba
    State
    North Carolina
    Longitude
    -81.3244192
    Latitude
    35.7720893

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    FAQs

    What type of property is this?
    Land - 7.59 Acres, Prime Redevelopment Opportunity
    Where is this land located?
    The property is located at 287 29Th Ave Hickory, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 7.59-acre commercial land parcel in Hickory, NC, offered at $1,200,000.; Gently sloping, wooded lot ideal for redevelopment.; Excellent accessibility and visibility on 29th Ave NE, one block from Highway 127.
    Request Owner's contact information
    287 29Th Ave 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
    287 29Th Ave Hickory, NC 28601
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