1240 Us Highway 70Hickory, NC 28658

Property Details for 1240 Us Highway 70

Year built

1974

Construction

CONCRETE BLOCKS

Lot size

0.25 AC

Property size (Sq ft)

10,400 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

2792-12-86-9530

APU

279212869530

Description

This exceptional 10,400-square-foot retail property, located at 1240 US Hwy 70 SW in Hickory, North Carolina, presents a significant opportunity for investors and businesses alike. Previously occupied by a Family Dollar, the entire building is currently vacant, offering a blank canvas for a new tenant or a complete redevelopment. The property's single-tenant configuration simplifies management and provides a cohesive brand presence. Situated in Catawba County, this location benefits from high visibility and accessibility along a major highway, ensuring substantial foot and vehicle traffic. The building's substantial size allows for a wide range of retail uses, from a large-format store to multiple smaller businesses. The property is available for both sale and lease, providing flexibility for potential buyers and lessees. This is an ideal opportunity to establish a strong retail presence in a thriving North Carolina market. The property's address is 1240 US Hwy 70 SW, Hickory, NC 28658. With its prime location and ample square footage, this property offers significant potential for growth and return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is classified as Commercial Retail.

• CAP approach

  CAP return

  Valuation

  6%

  $3,572,140

  6.5%

  $3,297,360

  7%

  $3,061,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,438,062

  Geo Method

  $4,438,062

• Alternative Use

  Use

  Valuation

  Residential

  $2,781,447

  Hospitality

  $2,547,790

  Educational

  $2,119,732

  Medical

  $2,192,632

  Retail

  $3,297,360

Location Insight

City

Hickory

County

Catawba

State

North Carolina

Latitude

35.7232

Longitude

-81.3622

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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