Property profile

1241 Us-321 Hickory, NC 28601

OFF-MARKET
Land
0.99 ac lot
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Property summary

AI-generated overview

This exceptional 0.99-acre commercial land parcel in Hickory, North Carolina, presents a remarkable investment opportunity. Located on US Highway 321, this property boasts 277 feet of highway frontage, ensuring high visibility and accessibility. Situated in a thriving business district near numerous franchises, it benefits from a daily traffic count exceeding 35,000 vehicles, according to NCDOT estimates. The land is ideally positioned at the base of Hickory's Aviation Walkway, part of the City Walk development, and adjacent to the Hickory Crawdads Stadium, guaranteeing significant foot traffic and brand exposure. The property is already cleared and graded, eliminating costly site preparation, and offers convenient access to Highway 70 and Interstate 40. The parcel is zoned C-2, allowing for a wide range of commercial uses. Importantly, the seller confirms that the planned expansion of Highway 321 will not diminish the property's size. With its prime location, excellent visibility, and readily developable condition, this property is perfect for a variety of commercial ventures, including restaurants and other businesses seeking high-traffic exposure. The property's APN is 279311752932, and it is offered as a fee simple ownership. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 0.99 ac (43,124 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1241 Us-321 Hickory, NC 28601
Hickory metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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