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Property profile & analytics
FOR SALE
Retail space

1550 21St Street Dr SE Hickory, NC 28602

136,204 SF 16.32 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
Property ID
US53-2032905
Property summary
AI-generated overview

This exceptional commercial property in Hickory, North Carolina, presents a rare investment opportunity. Located at 1550 21st St Dr SE, this offering encompasses two separate parcels of land, totaling approximately 1.06 to 1.08 acres. The property is zoned for commercial use and is ideally suited for the development of office space. Its strategic location provides excellent visibility and accessibility, boasting proximity to US-70 SE, ensuring high traffic volume and convenient access for potential tenants and customers. The site's size allows for flexibility in development plans, catering to a variety of commercial ventures. Detailed site plans and zoning information are available upon request. This is an exceptional opportunity to acquire prime commercial land in a thriving area of Hickory, offering significant potential for future growth and return on investment. The property is being offered for sale, and interested parties are encouraged to act quickly to secure this desirable location. The address is 1550 21st St Dr SE, Hickory, NC 28602, within Catawba County. The property's location offers convenient access to major roadways and is situated in a well-established commercial area. This presents a unique chance to capitalize on the growing demand for commercial space in this dynamic market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Total area 136,204 SF
Lot 16.32 ac (710,899 SF)
Zoning code C-3
APN 3721-05-28-2437
UPID US53-2032905
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
  • Installation Services General Contractor
  • Lowe's Garden Center Garden Center
  • Lowe's ProServices Building Supply Industrial Manufacturer
  • Lowe's Home Improvement Home Appliance Store Hardware & Home Improvement
  • Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.90M
Blend (final) Blend
$12.36M
Owner & transaction history
LOWES HOME CENTERS INC
LOWES HOME CENTERS INC
Zoning & alternative use
C-3 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $16.2M +49.5%
Apartment house (5+ units) $14.1M +30.7%
Office building $11.8M +9.5%
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More about this property
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