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21356582
21356581

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

WESTON CAPITAL GROUP
Listed by WESTON CAPITAL GROUP
$978,000
498 days on market
Updated 30 days ago

1117-1127 2nd Street NE

Details
APN 370311751437,370311751530,370311659487
Property Type Retail, Office (+1)
Sub Type Executive Office, Commercial
Square Footage 8,750
Cap Rate 6.00%
Occupancy 60%
Tenancy Multi
Lease Type NNN
Remaining Term 3
Year Built 1955
Acreage 0.430
Parking Spaces 11 spaces
Parking Per SqFt 1.26
Ownership Seller owned for at least one year

3 contiguous commercial income buildings on 127 in Viewmont. 26000+ traffic. 10% pro forma cap rate

Marketing 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 Contacts

WESTON CAPITAL GROUP
Listed by WESTON CAPITAL GROUP

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Additional Information

Name
Fletcher Edens
License
226103
Brokerage
Weston Capital Group, LLC
Brokerage Phone
8282282010
Title
Broker/Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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