615 Main AveHickory, NC 28602

Property Details for 615 Main Ave

Year built

1993

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

1,920 SF

Zone code

C-2

Property type

Office buildings

APN

3702-06-39-0440

APU

370206390440

Description

This exceptional 1,806 square foot brick office building is ideally situated in downtown Hickory, just blocks from the town square and conveniently located off the city walk. The property boasts four existing offices in the front section, complemented by a shared break or meeting area. A significant advantage is the presence of a loading dock and temperature-controlled storage in the rear of the building. This storage area offers considerable potential for expansion into additional office space and is already plumbed for an extra bathroom. The building is equipped with three-phase power, enhancing its versatility and capacity. Security features include a keypad entry system for the offices and a currently separate security system for the front and back sections, allowing for either independent or combined operation. A convenient buzzer system is installed at the front entrance. Furthermore, data lines are strategically run throughout the offices, providing excellent infrastructure for modern business needs. The 0.43-acre lot provides ample space and the prime location makes this a truly exceptional opportunity to own a building in a highly desirable area of Hickory. This property presents a unique blend of existing office space and significant expansion potential, making it an attractive investment for a variety of business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $448,620

  6.5%

  $414,111

  7%

  $384,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $325,133

  Geo Method

  $325,133

• Alternative Use

  Use

  Valuation

  Residential

  $513,498

  Hospitality

  $470,361

  Educational

  $391,335

  Medical

  $404,794

  Retail

  $608,744

Location Insight

City

Hickory

County

Catawba

State

North Carolina

Latitude

35.7315

Longitude

-81.3486

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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