1856 12Th Ave Hickory, NC 28601
- Banks
- 4,544 SF
- 0.78 lot acres
Current Use by Public Records
- BB&T Insurance Services / Insurance Agency
- BB&T Mortgage / Mortgage Lender / Mortgage Broker
- Truist / Mortgage Lender / Loan Agency
- BB&T ATM / Atm
Property Details for 1856 12Th Ave
- Year built
- 1965
- Lot size
- 0.78 lot acres
- Property size
- 4,544 SF
- Zone code
- C-2
- Property type
- Banks
- APN
- 3713-15-73-0074
- APU
- 371315730074
Description
This exceptional 4,630-square-foot commercial property in Hickory, NC, presents a unique investment opportunity. Located on a prominent 0.89-acre corner lot at 1856 12th Ave NE, this single-story, 1965-built building boasts a prime location across from several national retailers including AutoZone, Advance Auto Parts, Bojangles, KFC, Wendy's, Little Caesar's, and Wells Fargo Bank. The property features a former bank branch layout with an attached four-lane drive-thru and ample parking (22 spaces). The building is situated in a high-traffic area with an average annual daily traffic count of 16,700 vehicles, ensuring excellent visibility and accessibility. The C-2 zoning allows for a wide range of commercial uses, including general commercial, office, retail, and medical clinics. The property's rectangular shape and existing infrastructure offer flexibility for renovation or build-to-suit options. Annual property taxes are $1.64 per square foot. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area. The property is currently vacant, offering immediate occupancy. The building is constructed of brick. No elevators are present.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $145,000
- 6.5%
- $135,000
- 7%
- $150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $130,000
- Mixed-Use
- $120,000
- Hospitality
- $155,000
- Educational
- $135,000
- Residential Income
- $140,000
- Energy
- $135,000
- Income-Based Land
- $160,000
- Food Service
- $145,000
Location Insight
- Map
- Local Demand
- City
- Hickory
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.3016
- Latitude
- 35.7424
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA