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    Property profile & analytics
    OFF-MARKET Estimated value $1,235,000
    Retail space

    1511 29th Ave NE Dr, Hickory, NC 28601-7324

    8,009 SF 1.23 ac lot Built 2004
    Individually Owned 22-yr Hold Free & Clear
    Property ID
    US53-1621955
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Marco's Pizza Restaurant
    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
    K · 22 yrs held
    K
    since 2004
    1 recorded transaction
    2004
    $530,000
    Zoning & alternative use
    NC · Hickory, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.8M +94.6%
    Medical building $1.5M +61.2%
    Auto repair, garage $950,000 +0.8%
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