Listed by Commercial First
$1,350,000
2820 16th St-Investment
Details
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 3,944
NOI $109,000
Tenancy Multi
Lease Type Gross
Acreage 0.750
Zoning NC
Office | 3,944 SF
Marketing description
This newly renovated and fully leased salon suite building presents a prime investment opportunity in a high-demand area. Featuring a brand-new roof and modernized interiors, the property is fully leased with beauty professionals. Conveniently located in northeast Hickory, it benefits from proximity to newly developed apartments and residential communities, ensuring a steady flow of potential clients. With a strategic location in a growing neighborhood, this property provides proven income and long-term value appreciation. Contact broker for investment details.
Listing Contacts
Listed by Commercial First
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,000.00
$9,083.33/mo
Valuation Metrics
0
DSCR
8.07%
Cap Rate
8.07%
ROI
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