2910 Ctr St Hickory, NC 28601-1159
- Residential income homes
- 7,053 SF
- 0.92 lot acres
Current Use by Public Records
- Tailored Smoke / Bar
Property Details for 2910 Ctr St
- Year built
- 2017
- Construction
- WOOD
- Lot size
- 0.92 lot acres
- Property size
- 7,053 SF
- Zone code
- CC-1
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 3704-16-83-9361
- APU
- 370416839361
Description
This exceptional 7,000 square foot, multi-tenant retail storefront in Hickory, NC, presents a compelling investment opportunity. Located at the signalized intersection of North Center Street and 29th Avenue Northeast, this property boasts high visibility with 42,901 vehicles passing daily. It's an outparcel to a Lowe's Foods-anchored shopping center, surrounded by national retailers like Publix, Walgreens, and Lowe's, ensuring consistent traffic. The center is 100% leased to four tenants, including Sport Clips, generating a strong net operating income (NOI) of $222,300 and a 6.85% cap rate. Built in 2018, this single-building property sits on a 0.92-acre lot. The property benefits from a strong demographic profile, with an average annual household income of $95,108 within one mile and 71,143 residents within five miles. Its proximity to major employers, tourist attractions (including Lake Hickory and South Mountains State Park), and residential communities like Hawks Landing Luxury Apartments further enhances its value. This 1031 exchange-eligible property offers a stable, high-performing investment with significant growth potential. The property is offered at $3,246,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hickory
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.3297
- Latitude
- 35.7702
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
