Property profile

1879 Startown Rd Hickory, NC 28602

FOR SALE
Drive through restaurants
Property ID
US53-3892475
3,095 SF 0.83 ac lot Built 2013
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in Hickory, North Carolina. Strategically located just off Highway 70 and McDonald Parkway, this property boasts significant visibility and convenient access to Catawba Valley Boulevard, placing it within the heart of Hickory's thriving retail hub. The site offers over 519 feet of road frontage on Startown Road, providing ample space for development. Zoned C-3, this land is ideal for a variety of commercial uses, catering to the substantial population of over 350,000 people within the Hickory MSA. The asking price is $1,100,000, representing a compelling value for this prime location with its high traffic counts and established commercial presence. This property's location offers unparalleled exposure and accessibility, making it an exceptional choice for businesses seeking a prominent position in a dynamic market. The 5+ acres provide ample space for development, allowing for flexibility in design and functionality. This is a rare opportunity to acquire a significant commercial land parcel in a high-demand area. Don't miss out on this chance to secure a prime location for your next venture.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2013
Total area 3,095 SF
Lot 0.83 ac (36,155 SF)
Zoning code C-3
APN 3711-12-97-0432
UPID US53-3892475

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
  • Bakery Discount Store

Location

1879 Startown Rd Hickory, NC 28602
Hickory metro Census 11102 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message