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Property profile & analytics
OFF-MARKET Estimated value $1,025,000
Showrooms

3351 Hickory Blvd Hudson, NC 28638-9024

22,924 SF 2.76 ac lot Built 1977
Entity Owned 2-yr Hold Free & Clear
Property ID
US53-0453195
Property summary
AI-generated overview

This exceptional 21,600-square-foot retail building presents a rare opportunity on Highway 321 between Lenoir and Hickory, NC. Located on a corner lot at a signalized intersection, this property boasts an attractive and eye-catching facade, ensuring high visibility for your business. The building features two stories, with 10,560 square feet on the upper level offering 10-foot clearance to the roof trusses, and 11,040 square feet on the lower level providing 11'6" clearance. The lower level has been utilized as a batting cage, fitness center, and indoor minigolf. The property has a rich history, previously housing Tarheel Furniture and a Hallmark store, and even earlier, a Sears retail location. The current owners are retiring, making this prime location available approximately May 1, 2024. Recent improvements include a new roof and the replacement of two of five HVAC units. The property is zoned Sawmills H-B and is situated near Mission Road. The annual property taxes are $0.35 per square foot. This is a phenomenal opportunity to establish your business in a high-traffic area with excellent visibility and a spacious, adaptable layout. The building's size and layout offer significant flexibility for a variety of retail uses.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1977
Construction STEEL FRAME
Total area 22,924 SF
Lot 2.76 ac (120,226 SF)
APN 03 51 1 11
UPID US53-0453195
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
  • Tarheel Furniture & Design (Bike/Boat/Book/etc) Store Party Supply Store
  • Misaki Cosmetics Department Store
  • Furniture Shoppe Inc Furniture & Home Goods Home Decor Store
  • Tarheel Home Furnishings Inc Furniture & Home Goods Home Decor Store
  • Sears Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.03M
Owner & transaction history
Nafe Family Holdings LLC · 2 yrs held
Nafe Family Holdings LLC
since 2024
Last sale
$1.0M
2 recorded transactions
2024
$1.0M
2005
$1.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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