Property profile

1964 Old Shelby Rd Hickory, NC 28602

OFF-MARKET
Land
Property ID
US53-4072672
2.84 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.84 ac (123,710 SF)
UPID US53-4072672

Cap rate & NOI

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

Location

1964 Old Shelby Rd Hickory, NC 28602
Hickory metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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