1964 Old Shelby Rd Hickory, NC 28602
This exceptional 2.84-acre industrial lot is strategically located off Interstate 40, Exit 121, just one exit west of Highway 321. Situated in Hickory, Catawba County, North Carolina, at 1964 Old Shelby Rd, zip code 28602, this property boasts a prime location less than a mile from Henry Fork River Park and its new soccer complex, promising significant growth potential. The lot is remarkably level and largely cleared, featuring a partially fenced parking area currently under a month-to-month lease with potential for increased revenue. Access is provided by two gated drives. The property is zoned IND, allowing for a wide range of industrial uses. A significant advantage is the recent installation of new water and sewer lines by the Town of Longview. This property presents a unique opportunity for investors and developers seeking a well-situated, versatile industrial land parcel in a rapidly developing area. The existing minimal month-to-month lease provides immediate income potential. The asking price for this exceptional property is $350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.