4370 Hickory BlvdGranite Falls, NC 28630

Property Details for 4370 Hickory Blvd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.49 AC

Property size (Sq ft)

16,612 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

08 16 2 26

APU

816226

Description

This exceptional retail property, located at 4370 Hickory Blvd in Granite Falls, NC (28630), presents a compelling investment opportunity. The 16,612 square foot building sits on a 1.38-acre lot and features a large 8,700 square foot showroom with an office area and two restrooms. A separate, smaller storefront space boasts ample natural light and large display windows, ideal for various retail uses. The property also includes a 7,000 square foot warehouse area with a convenient dock door for efficient loading and unloading. Ample parking is available both in front and to the side of the building. The property is currently 100% occupied under a NNN lease expiring January 17, 2025. The building, constructed in 1983, benefits from a new roof installed in 2023. The property is zoned GF and has a Caldwell County APN of 08-16-2-26. This single-tenant retail space is situated on high-traffic Highway 321 N, ensuring excellent visibility and accessibility for customers. The asking price is $795,000. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,705,808

  6.5%

  $5,266,900

  7%

  $4,890,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,088,952

  Geo Method

  $7,088,952

• Alternative Use

  Use

  Valuation

  Residential

  $4,442,826

  Hospitality

  $4,069,605

  Educational

  $3,385,864

  Medical

  $3,502,309

  Retail

  $5,266,900

Location Insight

City

Granite Falls

County

Caldwell

State

North Carolina

Latitude

35.7937

Longitude

-81.4151

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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