1821 Hwy 70 Hickory, NC 28602
- Lifestyle centers
- 9,630 SF
- 1.02 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1821 Hwy 70
- Year built
- 1969
- Lot size
- 1.02 lot acres
- Property size
- 9,630 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional redevelopment opportunity presents a 9,630-square-foot retail center situated on a 1.02-acre corner lot in Hickory, North Carolina. Located at 1821 Highway 70 SW, this property boasts high visibility and accessibility, with 344 feet of frontage on Highway 70 and an additional 144 feet on 19th Street SW. The property benefits from significant daily traffic counts, with over 18,500 vehicles passing by daily, according to NCDOT AADT data. Highway 70 is a four-lane road running parallel to Interstate 40, ensuring excellent exposure for businesses. The single-story building, constructed in 1969, is currently configured as a multi-tenant property with six units, three of which are currently leased. The property also includes a billboard generating additional income. This C-2 zoned property offers a compelling investment opportunity in a growing city, with a Net Operating Income (NOI) of $2,208. The asking price is $299,900, translating to $31.14 per square foot. The property is offered in a distressed sale condition and is under single ownership. The lease type is modified. This is a prime location for redevelopment and offers significant potential for increased revenue and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hickory
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.371
- Latitude
- 35.7225
