1. North Carolina
  2. Hickory
  3. 1117-1127 2nd Street NE
$978,000

1117-1127 2nd Street NE, Hickory, NC 28601

  • 7 baths
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon0.43acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 months ago

Property 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.

Listing Status:
Active
Listing Office:
Weston Capital Group LLC : 828-228-2010
MLS ID:
4216220
  • Roofing: Flat
  • General: Site BuiltCrawl SpaceSlab

This listing courtesy of Weston Capital Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Viewmont Elementary School

21 16th Ave NW, Hickory, NC, 28601

Grades PK-5

0.38 miles away

H

Hickory Career Arts Magnet High School

409 8th Ave NE, Hickory, NC, 28601

Grades 6-12

0.41 miles away

H

Hickory High School

1234 3rd St NE, Hickory, NC, 28601

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.