Property profile

1383/1381 N Center St Hickory, NC 28601

FOR SALE
Bars & Pubs
Property ID
US53-Q000681
3,833 SF Built 2006
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Property summary

AI-generated overview

Great Opportunity for this Corner location in Shops at Viewmont Square. 3800 sf in a popular, proven area. Current set up is a restaurant/bar space. Could be used as office/business or medical/attorney offices as some of the neighbors. With the current location set up, a full service or fast service restaurant and self-sufficient bar, 2400 sf for restaurant and 1433 sf for bar. 2 buildings connected through the kitchen allows combined use or independent operation, both have front and rear entrances. A lot of equipment remains, XL hood, 2 walk-in coolers, draft beer system with cooling, cleaning station, office area, 4 bathrooms and more. There is more then enough indoor seating and a bonus of the ever popular outdoor patio. You chose whether to operate separately or have these businesses compliment each other. The parcels could be sold separately. Lots of possibilities.

Property profile

Verified
Property type Bars & Pubs
Year built 2006
Total area 3,833 SF
UPID US53-Q000681

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1383/1381 N Center St Hickory, NC 28601
Hickory metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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