1880 Center StHickory, NC 28601

Property Details for 1880 Center St

Year built

1991

Lot size

0.48 AC

Property size (Sq ft)

6,220 SF

Zone code

CC-2

Property type

Retail properties

Property subtype

Banks

APN

3703-07-78-3900

APU

370307783900

Description

This exceptional 6,220 square foot building, situated on a 0.8-acre corner lot in Hickory, NC, presents a unique investment opportunity. Located on a main corridor (Hwy 127) in the heart of Viewmont, this two-story building boasts a prime location with ample parking both in front and behind. Originally constructed in 1991 as a bank, the property retains unique features such as drive-thru lanes and a substantial vault, offering creative repurposing potential. The building's recent use as a children's learning center highlights its adaptability. The upper level features high ceilings, open areas, offices, restrooms, and a kitchen. The lower level includes additional offices/classrooms, meeting spaces, a larger restroom, a kitchen area, and a large double door leading to the parking area. The property is zoned CC-2 and is offered for lease or sale. This versatile space is ideal for a variety of uses, including medical offices, executive offices, or other businesses seeking a prominent location in a thriving community. The building's size, unique features, and excellent location make it an attractive option for businesses looking to establish or expand their presence in Hickory, NC.

• CAP approach

  CAP return

  Valuation

  6%

  $2,136,415

  6.5%

  $1,972,075

  7%

  $1,831,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,654,303

  Geo Method

  $2,654,303

• Alternative Use

  Use

  Valuation

  Residential

  $1,663,519

  Hospitality

  $1,523,775

  Educational

  $1,267,763

  Medical

  $1,311,363

  Retail

  $1,972,075

Location Insight

City

Hickory

County

Catawba

State

North Carolina

Latitude

35.7577

Longitude

-81.3348

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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