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Property profile & analytics
OFF-MARKET
Warehouses

2101 Main Ave Hickory, NC 28601

100,000 SF 7.72 ac lot Built 1898
Property ID
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a 7.72-acre industrial site in Newton, North Carolina, ideally located four miles from I-40 and an hour north of Downtown Charlotte via NC 16. The property includes a historic textile mill complex, constructed between 1898 and 1966, encompassing three buildings with a total square footage ranging from 100,000 to 150,000 square feet, and featuring 2 stories and ceiling heights of 12-19 feet. The property is zoned M1, offering significant flexibility for redevelopment. While the mill buildings require substantial renovation, including new mechanical systems and roofing, the asking price reflects the land value, presenting a compelling investment opportunity. The property benefits from its proximity to a thriving manufacturing sector and a growing residential suburb of the Charlotte/Hickory metro area. Renovation will be required, including complete mechanical system upgrades and roof replacement for most of the structure. This is a unique chance to acquire a large industrial site with significant potential in a rapidly developing area. The 1981 renovation provides a solid foundation for a comprehensive redevelopment project.

Property profile
Verified
Property type Warehouses
Year built 1898
Total area 100,000 SF
Lot 7.72 ac (336,283 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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