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Property profile & analytics
OFF-MARKET
Strip malls

1240 Us Hwy 70th SW Hickory, NC 28602-4936

10,400 SF 0.25 ac lot Built 1974
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US53-1799070
Property summary
AI-generated overview

This exceptional 10,400-square-foot retail property, located at 1240 US Hwy 70 SW in Hickory, North Carolina, presents a significant opportunity for investors and businesses alike. Previously occupied by a Family Dollar, the entire building is currently vacant, offering a blank canvas for a new tenant or a complete redevelopment. The property's single-tenant configuration simplifies management and provides a cohesive brand presence. Situated in Catawba County, this location benefits from high visibility and accessibility along a major highway, ensuring substantial foot and vehicle traffic. The building's substantial size allows for a wide range of retail uses, from a large-format store to multiple smaller businesses. The property is available for both sale and lease, providing flexibility for potential buyers and lessees. This is an ideal opportunity to establish a strong retail presence in a thriving North Carolina market. The property's address is 1240 US Hwy 70 SW, Hickory, NC 28658. With its prime location and ample square footage, this property offers significant potential for growth and return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is classified as Commercial Retail.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1974
Construction CONCRETE BLOCKS
Total area 10,400 SF
Lot 0.25 ac (10,890 SF)
Zoning code C-2
APN 2792-12-86-9530
UPID US53-1799070
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
Current use
Occupant on record · Public records
  • Hillside Motors Inc Car Dealership
  • caleb-the-car-guy Car Dealership
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
OAKLAND ASSETS LLC · 1 yrs held
OAKLAND ASSETS LLC
since 2025
Last sale
$350,000
1 recorded transaction
2025
$350,000
Zoning & alternative use
C-2 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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