For Sale
$5,500,000

1940 Us Highway 70Hickory, NC 28602

179,844 SF Vacant Sears Building

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 179,844-square-foot vacant retail building, formerly a Sears, presents a prime redevelopment opportunity. Situated on a 12.2-acre parcel in Hickory, North Carolina, this two-story structure boasts a desirable location along US Highway 70 SE, a major retail corridor with 20,500 vehicles passing daily. The property benefits from its proximity to Interstate 40 (67,500 VPD) and the high traffic generated by Valley Hills Mall (2.9 million annual visitors). Zoned C-3 (Regional Commercial District), it allows for diverse commercial uses. The expansive site offers potential for developing two outparcel pad sites, ideal for quick-service restaurants or other service-oriented businesses. Built in 1978, the building offers significant square footage at a price of $30.58 per square foot, totaling an asking price of $5,500,000. This property's strategic location and flexible zoning make it an attractive investment for repositioning and maximizing its potential within a thriving retail market. The site plan configurations and further details are available upon request. The property's address is 1940 US Hwy 70 SE, Hickory, NC 28602.

Highlights

  • Immediate repositioning opportunity: 179,844 SF former Sears building on 12.2 acres.
  • Prime Hickory, NC location on US Hwy 70 SE, a major retail corridor with 20,500 VPD.
  • C-3 zoning allows diverse commercial uses.
  • Potential for two outparcel pad sites.
  • High traffic area, near Valley Hills Mall (2.9 million annual visitors).

Property Details for 1940 Us Highway 70

Property type
Lifestyle centers, Power centers
Square Feet
179,844 SF
Year Built
1978
Stories
2

Location Insight

City
Hickory
County
Catawba
State
North Carolina
Latitude
35.7042457
Longitude
-81.3057537
1940 Us Highway 70, Hickory, North Carolina

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1940 Us Highway 70
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