1862 Us Highway 70Hickory, NC 28602

Property Details for 1862 Us Highway 70

Year built

1989

Construction

WOOD

Lot size

1.99 AC

Property size (Sq ft)

3,308 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Banks

APN

3712-19-50-3032

APU

371219503032

Description

This exceptional 1-acre commercial lot presents a unique investment opportunity in the thriving city of Hickory, North Carolina. Located at 1862 US Highway 70 SE, this Class A property offers significant potential for various commercial developments. The single-tenant zoning allows for flexibility in project planning, minimizing complexities associated with multi-tenant properties. The expansive lot size provides ample space for construction, ensuring ample room for building design and future expansion. Situated in Catawba County, this location benefits from excellent visibility and accessibility along a major highway, guaranteeing high traffic volume and strong brand exposure. The property's classification as both retail and office space allows for a wide range of potential uses, catering to diverse business needs. This prime location in Hickory offers a strategic advantage for businesses seeking to establish a strong presence in a growing market. The property's size and zoning make it ideal for a variety of commercial ventures, from retail establishments to executive office spaces. The address, 1862 US Highway 70 SE, Hickory, NC 28602, provides easy access to major transportation routes, enhancing its appeal to potential tenants and investors. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location with high growth potential. The property is ready for immediate development, presenting a compelling investment prospect for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,136,216

  6.5%

  $1,048,814

  7%

  $973,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,411,645

  Geo Method

  $1,411,645

• Alternative Use

  Use

  Valuation

  Residential

  $884,714

  Hospitality

  $810,393

  Educational

  $674,238

  Medical

  $697,426

  Retail

  $1,048,814

Location Insight

City

Hickory

County

Catawba

State

North Carolina

Latitude

35.7065

Longitude

-81.3065

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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