1117-1127 2nd ST NE, Hickory, NC 28601
1117-1127 2nd ST NE, Hickory, NC 28601
1117-1127 2nd ST NE, Hickory, NC 28601
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$875,000
Est. payment /mo
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7 Baths
0.43 Acres Lot
Active Under Contract

1117-1127 2nd ST NE Hickory, NC 28601

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Ramon Joseph Patrick Jr.

Ramon Joseph Patrick Jr.

+1(864) 434-1189

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail Center

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 4381316

Year Built 1955

Lot Size 0.430 Acres

Acres 0.43

Property Sub-Type Retail Center

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) was recently rented with about 2 years remaining. 1125 2nd St NE is 2250sf, 2 baths, office, showroom and work space is currently rented with nearly 2 years remaining. 1127 2nd St NE is 2000 sf retail and is currently rented with nearly 1.5 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.

Location

State NC

County Catawba

Zoning Hickory

Interior

Inclusions Building, Fixtures, Land

Exterior

Roof Type Flat

Street Surface Paved

Building

Dwelling Type Site Built

Foundation Crawl Space, Slab

Structure Type Brick Partial

New Construction false

Others

Senior Community false

Restrictions Signage,Use,Other - See Remarks

Special Listing Condition None


Listed by Fletcher Edens • Weston Capital Group LLC • fletcher@lakejames.com
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Ramon Joseph Patrick Jr.

Ramon Joseph Patrick Jr.

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+1(864) 434-1189

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1117-1127 2nd ST NE