1224 NW 19th St Ln - Office FOR SALE


Hickory, NC 28601
$850,000 USD
704-747-6786
1224 NW 19th St Ln, Hickory, NC for Sale
$850,000 USD
Office - FOR SALE
1/2
null | 7.2% Cap Rate

1224 NW 19th St Ln
Hickory, NC 28601


HIGHLIGHTS

  • Located less than 0.2 miles from major highway 301.
  • One of three office building within the Summit offices.
  • Recent capital expenditures on 3 out of 5 mechanical systems.

OVERVIEW

Great opportunity to obtain a multi-tenant all brick office building in the growing town of Hickory North Carolina with stable income. One tenant has been there for over 10 years and just renewed for 5 years beginning April 2024 with annual escalations. Recent 2023 Q4 -2024 capital expenditures include replacing three (3) out of 5 heat pumps, all under warranty.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,602 SF

ZONING

COM

APN/PARCEL ID

2793116566630000

ASK ABOUT THIS PROPERTY

Casey MillerCasey MillerMore Info
704-747-6786

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Casey MillerCasey MillerMore Info
704-747-6786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.