Entity Owned Property summary
This exceptional commercial property in Hickory, North Carolina, presents a unique investment opportunity. Situated on a substantial 12,632 square foot lot at 928 Highland Avenue NE, zip code 28601, this special purpose property comprises 30 individual mini-warehouses. The property's current occupancy rate is high, with most units already leased, generating a consistent income stream. Its strategic location near Lenoir Rhyne University ensures high demand and a steady flow of potential tenants. This translates to a strong return on investment for the discerning buyer. The property is offered at an asking price of $349,999. Owner financing is available for qualified buyers, subject to terms and conditions. This is an ideal opportunity for investors seeking a stable, income-producing asset in a vibrant and growing area. The property's address is easily accessible and benefits from its proximity to the university and other local amenities. This turnkey operation requires minimal management and offers significant potential for future growth and appreciation. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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Storage Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-2 district is intended to establish suitable development standards for the provision of convenience goods, shopper goods and services at locations along major transportation routes that serve both local and pass th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Hickory, NCThe C-2 district is intended to establish suitable development standards for the provision of convenience goods, shopper goods and services at locations along major transportation routes that serve both local and pass th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-2 district is intended to establish suitable development standards for the provision of convenience goods, shopper goods and services at locations along major transportation routes that serve both local and pass th…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Hickory, NC.
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Find the owner behind the property.
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