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20343922
20343923

4255 Henry River Rd, Hickory, NC 28602

MG
NC 172331
Marketplace Realty
Listed by Marketplace Realty
$1,150,000
604 days on market
Updated 37 days ago

Henry River Mill Village 4255

Details
Property Type Multifamily, Hospitality (+2)
Sub Type Commercial, Single Family Rental Portfolio (+1)
NOI $70,000
Broker Co-Op Yes
Year Built 1905
Acreage 28.870
Zoning Historic and Residential
Investment Type Redevelopment
Ground Lease No
Ownership Fee simple
Sale Condition For sale by owner

Historic Mill Village within one mile of I-40 -- DISTRICT 12

Marketing description

The Henry River Mill Village Historic District is an early 1900’s textile mill village situated on 72 acres of land less than a mile south of exit 119 on I-40 near Hildebran, NC, which is located on the border of Catawba and Burke County. The Village has 1 fully renovated house that is generating revenue as an Airbnb rental, and 19 remaining mill houses originally built around 1905. The property also has a 6,000 square foot 2-story Company Store, numerous old garages, road ways, unique historic infrastructure and more.

The Village is surrounded on 3 sides by the Henry Fork River, and the topography of the land provides unique vantage points from both the river valley all the way to Baker Mountain Park just south of the property. While recently added to the National Register of Historic Places in 2019, Henry River Mill Village is known by most for its use as the set for the original Hunger Games film in 2012.

Unique Attributes of the Henry River Mill Village Property:

The Henry River Mill Village offers a one-of-a-kind property with its proximity to a major interstate, vast acreage of undeveloped land, and its historical and pop culture significance.

Beyond the Hunger Games, the Village was featured on the “Mysteries of the Abandoned” television show and “In With The Old” television show in 2021 on the Discovery Networks.

The Village currently operates as a historic site for daily visitation with revenues exceeding $50,000 per year in admission and gift shop sales. Additionally, the renovated house is used as a two unit Airbnb rental that generates revenues in excess of $20,000 per year. A weekend stay in one of the two rentals will cost just shy of $500.

Development of the North Carolina Wilderness Gateway Trail will take advantage of the Henry Fork River that touches the property on 3 sides. Henry River is the only commercial retail property currently on the projected path of the state trail system, which places the property in the perfect position to run a kayak outfitter, campsites, or a gift and provisions shop.

Placed on the National Register of Historic Places in 2019 - Offers opportunity for up to 40% tax credits (state and federal)

Easy access from and only one mile from Interstate I-40

One of the Top Things to Do in Hickory, NC on Trip Advisor

Filming location for District 12 in the Hunger Games

Currently has 5 books written on property, including a cookbook. Four of these are available now on Amazon.

72 total acres of mature hardwood trees, natural creeks and springs, wildlife and river access.

Geography

Henry River Mill Village is located approximately 1 mile south of Exit 119 on I-40, which supported 54,000 vehicles per day in 2017 according to the NCDOT. Exit 119 is located 5 miles west from the major I-40 and HWY 321 interchange. In both east and west directions, there is highway signage identifying Exit 119 as "Hildebran/Henry River". Other than turning off of the interstate, visitors have no turns or directions needed.

Property has title to both sides of the river banks and the land that Henry River Road sits on.

Also available 43 acres across the road

Investment highlights

The Henry River Mill Village Historic District is an early 1900’s textile mill village situated on 29 acres of land less than a mile south of exit 119 on I-40 near Hildebran, NC, which is located on the border of Catawba and Burke County. The Village has 1 fully renovated house that is generating revenue as an Airbnb, and 19, (including on adjacent 43 acre parcel across the road) remaining mill houses originally built in 1905. The property also has a 6,000 square foot 2-story Company Store, numerous old garages, road ways, unique historic infrastructure and more.

The Village is surrounded on 3 sides by the Henry Fork River, and the topography of the land provides unique vantage points from both the river valley all the way to Baker Mountain Park just south of the property. While recently added to the National Register of Historic Places in 2019, Henry River Mill Village is known by most for its use as the set for the original Hunger Games film in 2012.

Unique Attributes of the Henry River Mill Village Property:

The Henry River Mill Village offers a one-of-a-kind property with its proximity to a major interstate, vast acreage of undeveloped land, and its historical and pop culture significance.

Beyond the Hunger Games, the Village was featured on the “Mysteries of the Abandoned” television show and “In With The Old” television show in 2021 on the Discovery Networks.

The Village currently operates as a historic site for daily visitation with revenues exceeding $50,000 per year in admission and gift shop sales. Additionally, the renovated house is used as a two unit Airbnb rental that generates revenues in excess of $20,000 per year.

Development of the North Carolina Wilderness Gateway Trail will take advantage of the Henry Fork River that touches the property on 3 sides. Henry River is the only commercial retail property currently on the projected path of the state trail system, which places the property in the perfect position to run a kayak outfitter, campsites, or a gift and provisions shop.

Placed on the National Register of Historic Places in 2019 - Offers opportunity for up to 40% tax credits (state and federal)

Easy access from Interstate I-40

One of the Top Things to Do in Hickory, NC on Trip Advisor

Filming location for District 12 in the Hunger Games

Currently has 5 books written on property, including a cookbook. Two of these are available now on Amazon.

72, (including parcel across the street, listed separately) total acres of mature hardwood trees, natural creeks and springs, wildlife and river access.

Geography

Henry River Mill Village is located approximately 1 mile south of Exit 119 on I-40, which supported 54,000 vehicles per day in 2017 according to the NCDOT. Exit 119 is located 5 miles west from the major I-40 and HWY 321 interchange. In both east and west directions, there is highway signage identifying Exit 119 as "Hildebran/Henry River". Other than turning off of the interstate, visitors have no turns or directions needed

Listing Contacts

MG
NC 172331
Marketplace Realty
Listed by Marketplace Realty

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$70,000.00
$5,833.33/mo

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DSCR
6.09%
Cap Rate
6.09%
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