Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    221 2Nd Ave Hickory, NC 28602

    Sponsored
    For Sale
    $2,150,000

    5.23 Acres, Downtown Hickory, NC

    Property size:
    561 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.23-acre property presents a unique redevelopment opportunity in downtown Hickory, North Carolina. Located at 221 2nd Ave SW, this hard-corner lot offers unparalleled visibility and accessibility. The property includes four buildings totaling 561 to 10,865 square feet, currently housing four tenants under gross leases expiring June 30, 2026. The existing structures, built between 1947 and 1976, are classified as Class C and offer a mix of commercial and residential uses. The property's zoning permits both residential (R4) and commercial (C1) development, allowing for a diverse range of possibilities. The asking price is $2,150,000. The property's location offers proximity to Union Square, providing easy access to shops, restaurants, and entertainment. This investment is categorized as owner/user or lease, ideal for developers seeking a prime location for a mixed-use project. The lot's size and zoning flexibility provide ample opportunity for a significant development. The property features a 14-foot ceiling height in the existing buildings. The parcel's APN numbers are 370207583501, 370206489679, 370207580507, and 370207580510. There are no loading docks.

    Property Features for 221 2Nd Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    561 SF
    Class
    C
    Lot Size
    227,819 SF

    Building Details

    Year Built
    1947
    Buildings
    4
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3405164
    Latitude
    35.7299144

    Nearby Similar for Sale

    • $1,150,000
      3.77 Acres

      Hickory Turnkey Townhome Complex

      Turnkey 10-unit townhome complex in Hickory, NC with strong rental history.
      1051 3Rd St SE, Hickory, NC 28602
      View Details
    • $1,199,000
      11.09 Acres

      Lakefront Home with Acreage Potential

      Lakefront home on 11+ acres with development potential.
      4749 16Th Street Dr NE, Hickory, NC 28601
      View Details
    • $434,500
      0.67 Acres

      Hickory Multi-Family Home

      Multi-family home on a 0.67-acre lot in Hickory, NC.
      615 11Th St SW, Hickory, NC 28602
      View Details
    • New
      $495,000
      0.43 Acres

      Hickory Commercial Building For Sale

      Full brick building with flexible office and workspace.
      615 Main Ave SW, Hickory, NC 28602
      View Details
    • $421,500
      0.24 Acres

      New Construction Duplex Near Downtown

      New construction duplex with modern features, near downtown Hickory.
      2030/2032 1St St SW, Hickory, NC 28602
      View Details
    • $599,900
      1.77 Acres

      Hickory Commercial Property For Sale

      Commercial property with furniture store, restaurant, and storage building.
      3506 Springs Rd NE, Hickory, NC 28601
      View Details
    • $169,000
      0.49 Acres

      Waterfront Lot in Hickory, NC

      Waterfront lot with 152 feet of frontage in Hickory.
      100 Old Ferry Ln, Hickory, NC 28601
      View Details
    • $2,950,000
      20.24 Acres

      Trucking Terminal with 50 Bays

      50-bay trucking terminal for streamlined operations in the transportation industry.
      754 18Th St NE, Hickory, NC 28601
      View Details
    • $495,000
      1.36 Acres

      Hickory, NC - High Visibility

      Highly visible property near high-traffic intersection, suitable for redevelopment.
      1632 2Nd Ave NW, Hickory, NC 28601
      View Details
    • $675,000
      600 SF

      Hickory NC Multifamily Investment Opportunity

      Multifamily investment opportunity featuring 12 units on approximately 2.5 acres.
      218 37Th St SW, Hickory, NC 28602
      View Details
    • $850,000
      0.91 Acres

      Hickory Commercial Property For Sale

      Versatile property suitable for offices, education, medical, retail, or specialty.
      925 NE 5Th St NE, Hickory, NC 28601
      View Details
    • $750,000
      600 SF

      Hickory NC Multifamily Investment

      Multifamily investment opportunity with 10 units on approximately 2.4 acres.
      303 37Th St SW, Hickory, NC 28602
      View Details

    FAQs

    What type of property is this?
    Specialty property - 5.23 Acres, Downtown Hickory, NC
    Where is this specialty property located?
    The property is located at 221 2Nd Ave Hickory, NC.
    What is the asking price?
    The asking price for this property is $2,150,000.
    Request Owner's contact information
    221 2Nd Ave Hickory, NC 28602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    221 2Nd Ave
    Hickory, NC 28602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    221 2Nd Ave Hickory, NC 28602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.