1117-1127 2nd Street,Hickory, NC 28601
Hickory, NC 28601
Description
Three contiguous commercial income buildings and parking lot offered together in the heart of Viewmont. 26000+ estimated daily traffic count. 1117+1119 2nd St NE is potentially 3 rental units, 4500sf with 4 bathrooms, break room, conference rooms, and showroom space. The front right portion (1119 front) is recently rented for 3 years. 1125 2nd St NE is 2250sf, 2 baths, office, showroom and work space is currently rented with nearly 3 years remaining. 1127 2nd St NE is 2000 sf retail and is currently rented with nearly 2 years remaining. Purchase cap rate with 2 vacant spaces is 6%. Pro forma cap rate at full occupancy is 10%+. The front of each building offers 11 parking spaces (5, 3, and 3). 1125 and 1127 offer 3 more parking spaces each abutting each rear entry. The parking lot, Parcel ID: 370311659487, includes 16 additional parking spaces. Agent is partial owner.
Details
| MLS# | 4216220 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 67 |
| Listing Provided By | Weston Capital Group LLC | Fletcher Edens |
Features
| Bath(s) | 7 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 3 |
| Zoning | NC |
| Acreage | 0.43 |
Market Activity 28601
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Learn More About This Property
| State | NC |
|---|---|
| County | Catawba |
| City | Hickory |
| Zip Code | 28601 |
| Area | Catawba |
| Listing VS Median (in 28601) | |
Price: $978,000 low | high Med: $368,000 On site: 67 low | high Med: 67.000000 | |