3351 Hickory BlvdHudson, NC 28638

Property Details for 3351 Hickory Blvd

Year built

1977

Construction

STEEL FRAME

Lot size

2.76 AC

Property size (Sq ft)

22,924 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

03 51 1 11

APU

351111

Description

This exceptional 21,600-square-foot retail building presents a rare opportunity on Highway 321 between Lenoir and Hickory, NC. Located on a corner lot at a signalized intersection, this property boasts an attractive and eye-catching facade, ensuring high visibility for your business. The building features two stories, with 10,560 square feet on the upper level offering 10-foot clearance to the roof trusses, and 11,040 square feet on the lower level providing 11'6" clearance. The lower level has been utilized as a batting cage, fitness center, and indoor minigolf. The property has a rich history, previously housing Tarheel Furniture and a Hallmark store, and even earlier, a Sears retail location. The current owners are retiring, making this prime location available approximately May 1, 2024. Recent improvements include a new roof and the replacement of two of five HVAC units. The property is zoned Sawmills H-B and is situated near Mission Road. The annual property taxes are $0.35 per square foot. This is a phenomenal opportunity to establish your business in a high-traffic area with excellent visibility and a spacious, adaptable layout. The building's size and layout offer significant flexibility for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $7,873,822

  6.5%

  $7,268,144

  7%

  $6,748,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,782,514

  Geo Method

  $9,782,514

• Alternative Use

  Use

  Valuation

  Residential

  $6,130,951

  Hospitality

  $5,615,918

  Educational

  $4,672,378

  Medical

  $4,833,068

  Retail

  $7,268,144

Location Insight

City

Hudson

County

Caldwell

State

North Carolina

Latitude

35.8348

Longitude

-81.4605

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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