588 11Th StHickory, NC 28601

For Sale
$317,000

Historic building, high occupancy, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property in Hickory, NC, presents a compelling investment opportunity. Located at 588 11th St NW, this 1,485 square foot property sits on a 0.39-acre lot and boasts two buildings constructed in 1920. Currently operating at 100% occupancy, the property is ideally situated along the new Hickory Trail and Riverwalk, offering high visibility and foot traffic. The main building, a meticulously updated 1920s home, is currently utilized as a high-end hair salon, but its versatile layout allows for various uses, including office, medical, or restaurant space. A separate garage, currently leased for storage, provides additional income potential, with the existing tenant expressing interest in continuing the lease. The property's proximity to the OLLE Art Walk, a section of the Hickory Trail, ensures significant exposure and increased foot traffic. This turnkey investment offers a strong return at an asking price of $317,000 ($213.47/sq ft). The property's prime location, combined with its versatile nature and existing income stream, makes it an attractive proposition for discerning investors seeking a profitable and strategically positioned asset in a thriving community. The property is zoned for mixed-use.

Highlights

  • $317,000 asking price for a 1,485 SF mixed-use property.
  • Located at 588 11th St NW, Hickory, NC 28601, on a 0.39-acre lot.
  • Features two buildings, built in 1920, currently 100% occupied.
  • Price per square foot is $213.47.
  • Includes a separate garage with a lease in place.
  • Broker co-op available.

Property Details for 588 11Th St

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
1,485 SF
Year Built
1920
Buildings
2
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Hickory
County
Catawba
State
North Carolina
Latitude
35.74146
Longitude
-81.3590316
588 11Th St, Hickory, North Carolina

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588 11Th St
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