Technical
Financial
Distress signals
Property profile

1862 Us Highway 70 SE Hickory, NC 28602

FOR SALE
Banks
Property ID
US53-0874018
3,308 SF 1.99 ac lot Built 1989
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1-acre commercial lot presents a unique investment opportunity in the thriving city of Hickory, North Carolina. Located at 1862 US Highway 70 SE, this Class A property offers significant potential for various commercial developments. The single-tenant zoning allows for flexibility in project planning, minimizing complexities associated with multi-tenant properties. The expansive lot size provides ample space for construction, ensuring ample room for building design and future expansion. Situated in Catawba County, this location benefits from excellent visibility and accessibility along a major highway, guaranteeing high traffic volume and strong brand exposure. The property's classification as both retail and office space allows for a wide range of potential uses, catering to diverse business needs. This prime location in Hickory offers a strategic advantage for businesses seeking to establish a strong presence in a growing market. The property's size and zoning make it ideal for a variety of commercial ventures, from retail establishments to executive office spaces. The address, 1862 US Highway 70 SE, Hickory, NC 28602, provides easy access to major transportation routes, enhancing its appeal to potential tenants and investors. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location with high growth potential. The property is ready for immediate development, presenting a compelling investment prospect for discerning buyers.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1989
Construction WOOD
Total area 3,308 SF
Lot 1.99 ac (86,684 SF)
Zoning code C-3
APN 3712-19-50-3032
UPID US53-0874018

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
  • Atm

Location

1862 Us Highway 70 SE Hickory, NC 28602
Hickory metro Census 11102 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
2 recorded transactions
2025
$2.5M
2025
Price N/A

Zoning & alternative use

C-3 · Hickory, NC
Zoning description

The C-3 district is intended to provide a full range of retail and service business that serves both local and regional markets. Generally, regional business is focused on I-40, U.S. 70, and U.S. 321 because it provides…

General category COMMERCIAL

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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