1381 Center St Hickory, NC 28601

This exceptional investment opportunity presents a 3,821 square foot executive office building situated on a 0.09-acre lot in Hickory, North Carolina. Located at 1381 N Center Street, this property boasts two buildings connected by a kitchen area, offering unique flexibility. Previously configured as a restaurant and bar, the space includes over $300,000 in installed restaurant/bar equipment, including an extra-large hood system, walk-in coolers, a draft beer system with cooling, and a cocktail station. The layout also features four bathrooms, ample indoor seating, and an outdoor patio. The property's zoning is PD, allowing for diverse uses. Currently vacant, this property offers a 7.70% cap rate and a pro-forma cap rate of 6.30% based on a leasing rate of $18-$22 per square foot. Built in 2006, the property is seller-owned and has been for at least one year. The asking price is $1,000,000, translating to $261.71 per square foot. This is a turnkey opportunity for an investor seeking a high-return property in a desirable location. The property's previous configuration as a restaurant and bar provides a unique advantage, with existing high-value equipment already in place. The potential for conversion to office space is also significant, given the surrounding area's existing office buildings. This property is offered as a triple-net lease (NNN). The APN is 370311662366.