21st St Ln Hickory, NC 28602
This 0.69-acre commercial lot in Hickory, North Carolina (APN 371220707096), is ideally situated at Tract 3, 21st St Ln SE, 28602. Boasting excellent visibility from I-40, this corner lot sits directly across from Hobby Lobby's entrance and between McDonald Parkway and Hwy 70. The property is zoned C-3, Regional Commercial District, allowing for a wide variety of retail and service businesses. The gently sloping terrain is easily graded to create a level building site. City utilities, including water, sewer, and natural gas, are readily available at the street. This property is priced below its tax value and a recent appraisal, reflecting the seller's motivation. Further enhancing its potential, preliminary plans with the City of Hickory indicate an extension of 13th Ave Dr SE, running from McDonald Parkway to Lenoir-Rhyne Blvd, directly adjacent to this lot. This planned road extension is expected to significantly increase traffic and visibility in the coming years, making this a compelling investment opportunity. Preliminary survey work for this road extension is currently underway. An additional corner lot is available across the street.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.