Property profile

1511 29th Ave NE Dr Hickory, NC 28601

OFF-MARKET
Retail space
Property ID
US53-1621955
8,009 SF 1.23 ac lot Built 2004
Individually Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 1511 29th Ave NE in Hickory, North Carolina, presents a significant leasing opportunity. The building encompasses a total of 8,023 square feet, with a substantial 6,623 square feet currently vacant and ready for immediate occupancy. The property's classification includes both storefront and strip center subtypes, making it suitable for a diverse range of retail businesses. Situated on a 1.28-acre lot, the property boasts ample parking, ensuring convenient access for customers and employees. Its prime location along 29th Ave NE provides excellent visibility and accessibility, contributing to strong potential for foot traffic and business growth. The building features a modern design and a versatile layout, adaptable to various tenant needs. The contemporary facade and spacious floor plan create an attractive and welcoming environment. Professionally maintained facilities and a well-kept exterior enhance the overall appeal of the property. This location offers a combination of convenience, accessibility, and high visibility within the thriving Hickory, NC market (zip code 28601). The property is a multi-tenant building. Don't miss this chance to establish your business in this desirable and highly visible location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction WOOD
Total area 8,009 SF
Lot 1.23 ac (53,579 SF)
Zoning code NC
APN 3714-19-61-3658
UPID US53-1621955

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

1511 29th Ave NE Dr Hickory, NC 28601-7324
Hickory metro Census 10302 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.35M
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.24M

Owner & transaction history

since 2004
1 recorded transaction
2004
$530,000

Zoning & alternative use

NC · Hickory, NC
Zoning description

Neighborhood centers are intended to provide neighborhood scaled services. Additional standards apply to ensure pedestrian scaled development.

General category COMMERCIAL
Top alternative use upside
Restaurant $1.8M +94.6%
Medical building $1.5M +61.2%
Auto repair, garage $950,000 +0.8%

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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