2440 Springs Rd Hickory, NC 28601
This exceptional 1.4-acre property, located at 2440 Springs Road NE in Hickory, NC, presents a unique investment opportunity. Currently zoned CC-1, the site offers remarkable flexibility for a variety of commercial ventures. The existing structure could be readily adapted for immediate commercial use, allowing for a swift return on investment. Alternatively, the zoning permits complete redevelopment into a multi-family complex or a larger-scale commercial facility. This prime location at the intersection of McDonald Parkway and Springs Road ensures high visibility and accessibility, attracting significant traffic. The diverse range of permitted commercial uses is extensive, including but not limited to medical offices, veterinary clinics, amusement facilities, bed and breakfasts, retail spaces, vehicle repair shops, utility services, recreational or cultural centers, daycare centers, religious institutions, schools, parking lots, and even wireless communication towers. The property's size and zoning make it an ideal candidate for a wide array of development projects, catering to diverse business needs and market demands. This is a rare chance to acquire a versatile property in a thriving location with significant upside potential. The asking price is $349,900. Serious inquiries are encouraged.
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
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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.