Property profile

1766 Catawba Vly SE Blvd Hickory, NC 28602

OFF-MARKET
Drive through restaurants
Property ID
US53-1020689
3,653 SF 1.16 ac lot Built 2001
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,000-square-foot retail space is ideally situated in Hickory, North Carolina, within Catawba County. Currently vacant and available for immediate occupancy, this single-tenant property presents a unique opportunity for businesses seeking a high-visibility location. The building is a standalone structure, offering excellent street frontage and ample parking. The property is an outparcel to the Hickory Ridge Shopping Center, benefiting from the existing customer traffic and established commercial presence of the center. This location offers significant potential for a variety of retail uses. The space is completely vacant, allowing for complete customization to suit a tenant's specific needs and business requirements. Whether a build-to-suit (BTS) or ground-up (GL) development is desired, this outparcel provides the flexibility to create a truly bespoke retail environment. Interested parties are encouraged to inquire about pricing and lease terms. This property represents a rare opportunity to establish a strong retail presence in a thriving Hickory community. The 6,000 square feet provides ample space for a wide range of retail concepts. The property's location within the Hickory Ridge Shopping Center outparcel ensures high visibility and accessibility for customers. Don't miss this chance to secure a prime retail location in a desirable market.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,653 SF
Lot 1.16 ac (50,530 SF)
Zoning code PD
APN 3711-06-38-7875
UPID US53-1020689

Cap rate & NOI

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

Location

1766 Catawba Vly SE Blvd Hickory, NC 28602-4140
Hickory metro Census 11102 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.15M

Owner & transaction history

since 2023
Last sale
$975,000
2 recorded transactions
2023
$975,000
2013
Price N/A

Zoning & alternative use

PD · Hickory, NC
Zoning description

Planned Developments shall be in conformance with the adopted Thoroughfare, Sidewalk and Bikeway Plans and located and designed as to provide direct access to and from such districts without creating significant traffic…

General category PLANNED_DEVELOPMENT

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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