118 3Rd AveHickory, NC 28601

This exceptional investment opportunity in downtown Hickory, NC presents a 4,436 square foot mixed-use building at 118 3rd Ave NW. Built in 1924, the property sits on a 0.32-acre lot and is zoned OI. Currently, the building boasts two recently renovated upstairs apartments and a leased commercial office space on the main floor, generating a monthly income of $5,025. The ground floor has been remodeled and is ready for lease, offering significant value-add potential to increase revenue beyond the projected $8,000 monthly income. An additional, unfinished fourth floor presents the possibility of converting into another apartment unit. Furthermore, an attached storage area with power could be easily transformed into a studio apartment. The property benefits from ample parking and a prime location within walking distance of Union Square in the heart of downtown Hickory. This property offers a unique blend of income-producing assets and significant upside potential for a savvy investor. The building's strong location and existing income stream make it an attractive investment opportunity in a thriving downtown area. This is a rare chance to acquire a well-positioned property with immediate cash flow and substantial room for growth.