588 11Th StHickory, NC 28601

Property Details for 588 11Th St

Year built

1920

Lot size

0.39 AC

Property size (Sq ft)

1,485 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property in Hickory, NC, presents a compelling investment opportunity. Located at 588 11th St NW, this 1,485 square foot property sits on a 0.39-acre lot and boasts two buildings constructed in 1920. Currently operating at 100% occupancy, the property is ideally situated along the new Hickory Trail and Riverwalk, offering high visibility and foot traffic. The main building, a meticulously updated 1920s home, is currently utilized as a high-end hair salon, but its versatile layout allows for various uses, including office, medical, or restaurant space. A separate garage, currently leased for storage, provides additional income potential, with the existing tenant expressing interest in continuing the lease. The property's proximity to the OLLE Art Walk, a section of the Hickory Trail, ensures significant exposure and increased foot traffic. This turnkey investment offers a strong return at an asking price of $317,000 ($213.47/sq ft). The property's prime location, combined with its versatile nature and existing income stream, makes it an attractive proposition for discerning investors seeking a profitable and strategically positioned asset in a thriving community. The property is zoned for mixed-use.

Location Insight

City

Hickory

County

Catawba

State

North Carolina

Latitude

35.7415

Longitude

-81.359

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