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Property profile & analytics

1240 Us Highway 70 Hickory, NC 28658

  • Strip malls
  • 10,400 SF
  • 0.25 lot acres
Value Estimation
Last Sale
Mar 05, 2020
$135,000
Location Intelligence
Property ID
US53-1799070
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hillside Motors Inc / Used Car Dealer / Car Dealer
  • caleb-the-car-guy / Car Dealer

Property Details for 1240 Us Highway 70

Year built
1974
Construction
CONCRETE BLOCKS
Lot size
0.25 lot acres
Property size
10,400 SF
Zone code
C-2
Property type
Strip malls
Property subtype
Neighborhood centers
APN
2792-12-86-9530
APU
279212869530

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $155,000
  • CAP approach

    CAP return
    Estimation
    6%
    $135,000
    6.5%
    $140,000
    7%
    $135,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $130,000
    Geo Method
    $140,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $145,000
    Retail
    $110,000
    Mixed-Use
    $115,000
    Hospitality
    $125,000
    Educational
    $115,000
    Residential Income
    $110,000
    Energy
    $120,000
    Income-Based Land
    $130,000
    Food Service
    $120,000

Location Insight

  • Map
  • Local Demand
City
Hickory
County
Catawba
State
North Carolina
Longitude
-81.3622
Latitude
35.7232
CBSA code
25860
CBSA name
HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,564
$26,100
$508,600
$534,700
-
$26,100
$508,600
$534,700
More about this property
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