4370 Hickory Blvd Granite Falls, NC 28630
- Showrooms
- 16,612 SF
- 1.49 lot acres
Current Use by Public Records
- The Salvation Army of Granite Falls Family Store / Thrift Store / Donations Center
- The Salvation Army-Lenoir - Food Distribution Center / Food Bank
Property Details for 4370 Hickory Blvd
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.49 lot acres
- Property size
- 16,612 SF
- Property type
- Showrooms
- APN
- 08 16 2 26
- APU
- 816226
Description
This exceptional retail property, located at 4370 Hickory Blvd in Granite Falls, NC (28630), presents a compelling investment opportunity. The 16,612 square foot building sits on a 1.38-acre lot and features a large 8,700 square foot showroom with an office area and two restrooms. A separate, smaller storefront space boasts ample natural light and large display windows, ideal for various retail uses. The property also includes a 7,000 square foot warehouse area with a convenient dock door for efficient loading and unloading. Ample parking is available both in front and to the side of the building. The property is currently 100% occupied under a NNN lease expiring January 17, 2025. The building, constructed in 1983, benefits from a new roof installed in 2023. The property is zoned GF and has a Caldwell County APN of 08-16-2-26. This single-tenant retail space is situated on high-traffic Highway 321 N, ensuring excellent visibility and accessibility for customers. The asking price is $795,000. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $415,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $320,000
- Mixed-Use
- $395,000
- Hospitality
- $320,000
- Educational
- $330,000
- Residential Income
- $325,000
- Energy
- $380,000
- Income-Based Land
- $385,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Granite Falls
- County
- Caldwell
- State
- North Carolina
- Longitude
- -81.4151
- Latitude
- 35.7937
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA