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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3506 Springs Rd Hickory, NC 28601

1.77 ac lot Built 1973
Property ID
Property summary
AI-generated overview

This exceptional commercial property, situated at 3506 Springs Road NE in Hickory, NC, presents a compelling investment opportunity. Boasting a prominent location within a thriving commercial corridor, this property offers unparalleled visibility and accessibility for businesses seeking to establish or expand their operations. The main building encompasses over 5000 square feet, complemented by a full basement featuring a convenient garage door for added access and flexibility. A smaller building on the site is currently leased to a diner, providing a stable income stream. In addition to the main and smaller buildings, a detached garage with two garage doors offers ample storage space or potential for expansion. The 1.77-acre lot provides extensive on-site parking, ensuring convenient access for customers and employees. The property's versatility makes it suitable for a wide range of business uses, including retail, office, medical, or light industrial applications. The strong demographics and growing population in the surrounding area promise a robust customer base and significant growth potential. This property is an exceptional opportunity to acquire a well-positioned commercial asset in a dynamic and expanding market. The combination of size, location, and existing income potential makes this an attractive investment for discerning buyers. The property's strategic location on Springs Road ensures high visibility and easy access, making it an ideal choice for businesses seeking to maximize their market presence. The asking price is $675,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1973
Lot 1.77 ac (77,101 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Oh My Town and Country! Located downstairs of Carolina Furniture Outlet. Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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