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Property profile & analytics
OFF-MARKET Estimated value $1,640,000
Office Spaces

219 1st SW Ave Hickory, NC 28602-2922

11,728 SF Built 1970
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US53-1717335
Property summary
AI-generated overview

This exceptional 8,480 square foot office building, located at 219 1st Avenue NW in the heart of Downtown Hickory, North Carolina, presents a unique investment opportunity. Recently reduced in price to $695,000, this property boasts eight individual suites, each equipped with separate meters for efficient utility management. This flexibility makes it ideal for a variety of business models, from single-occupancy to multi-tenant configurations. The building's prime location offers unparalleled convenience, with easy access to a wide array of amenities, benefiting both employees and clients. The property sits on a 0.11-acre lot and features modern HVAC systems, ensuring year-round comfort and operational efficiency. Furthermore, the roof has been recently updated, providing peace of mind and minimizing future maintenance concerns. This turnkey solution combines a desirable location with modern infrastructure, making it an attractive proposition for investors seeking a strong return on investment in a thriving downtown area. The property's versatility and updated features make it a compelling choice for businesses seeking a well-maintained and conveniently located office space. Don't miss this chance to acquire a valuable asset in a dynamic and growing market.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1970
Construction WOOD
Total area 11,728 SF
Zoning code C-1
APN 3702-07-58-4990.B01A
UPID US53-1717335
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Boholady Boutique and Gifts Clothing & Fashion Store
  • Jackson Creative Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Premier Planning Group Financial Advisor
  • The Jackson Group Business Management Consultant
  • A Tax Office Inc Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.64M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$1.64M
Owner & transaction history
Hickory Bulldawg Properties LLC · 2 yrs held
Hickory Bulldawg Properties LLC
since 2024
Last sale
$1.6M
6 recorded transactions
2024
$1.6M
2019
Price N/A
2005
Price N/A
2005
$1.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · Hickory, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.7M +163.8%
Medical building $2.2M +118.5%
Auto repair, garage $1.4M +36.6%
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