1240 Us Highway 70 Hickory, NC 28658
- Strip malls
- 10,400 SF
- 0.25 lot acres
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
-
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