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Property profile & analytics
OFF-MARKET
Office Spaces

2440 Springs Rd Hickory, NC 28601

1.4 ac lot Built 1957
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1957
Lot 1.4 ac (60,984 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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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