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

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For Sale

$978,000

0.43 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 0.4 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 4216220

Courtesy Of Weston Capital Group LLC

(828) 228-2010

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    0.43 Acres

Map and Directions

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

Home seller CENTURY 21 American Homes

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CENTURY 21 American Homes

(828) 568-2121
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.