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    1940 Us Highway 70 Hickory, NC 28602

    Sponsored
    For Lease
    Contact for pricing

    Massive former Sears, 165,959 SF, 12 acres.

    Lot size:
    165,959 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property presents a unique investment opportunity in Hickory, North Carolina. The building, a former Sears location, boasts a substantial 165,959 square feet of vacant retail space, offering significant potential for redevelopment or repurposing. Situated on a generous 12-acre lot, the property provides ample room for expansion, parking, or additional development. The building's single-tenant history simplifies occupancy and management. The property's address is 1940 US Hwy 70 SE, Hickory, NC 28602, placing it in a high-traffic area with excellent visibility and accessibility. Located in Catawba County, this property benefits from the area's established infrastructure and growing economy. The sheer size of the building and the expansive lot offer unparalleled flexibility for a wide range of commercial uses. This is an exceptional opportunity to acquire a significant retail space in a prime location, ready for a new chapter. The property is currently available for lease, presenting a blank canvas for a visionary entrepreneur or developer. The substantial square footage and expansive land area provide a unique opportunity to create a landmark commercial development. This property is ideal for businesses seeking a large footprint and high visibility in a thriving North Carolina community. Serious inquiries are encouraged.

    Property Features for 1940 Us Highway 70

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    165,959 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    165,959 SF

    HighLights

    • 165,959 SF former Sears building on a 12‑acre lot in Hickory, NC.
    • High‑traffic location on US Hwy 70 SE with excellent visibility.
    • Strong retail co‑tenancy including Home Depot, Academy Sports, Target, TJ Maxx, Best Buy, and Dick's Sporting Goods.
    • Flexible leasing options for single or multiple tenants.
    • Located within the Valley Hills Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sears Appliance Repair Appliance Repair Service

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3057537
    Latitude
    35.7042457

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    FAQs

    What type of property is this?
    Retail property - Massive former Sears, 165,959 SF, 12 acres.
    Where is this retail property located?
    The property is located at 1940 Us Highway 70 Hickory, NC.
    What are key features of this property?
    This property features: 165,959 SF former Sears building on a 12-acre lot in Hickory, NC.; High-traffic location on US Hwy 70 SE with excellent visibility.; Strong retail co-tenancy including Home Depot, Academy Sports, Target, TJ Maxx, Best Buy, and Dick's Sporting Goods.
    Request Owner's contact information
    1940 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
    1940 Us Highway 70 Hickory, NC 28602
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