508 10th St NW

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508 10th St NW

Conover, NC 28613
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

508 10th St NW is situated in a commercial corridor within Conover, North Carolina. The property sits near the intersection of 10th Street NW and Rockett St, placing it within proximity to established residential neighborhoods and local businesses. The site offers convenient access to Highway 70 and Interstate 40, facilitating regional connectivity to the greater Hickory metro area. Local amenities include various dining options, professional services, and civic centers located within a two-mile radius. This retail asset is suited for a variety of commercial applications, including neighborhood-scale boutiques, specialty showrooms, or service-oriented storefronts. The layout and location support a tenant profile consisting of independent local retailers, professional service providers, or franchised satellite locations. Given the surrounding demographic and traffic patterns, the space is optimal for businesses seeking visibility within a steady community environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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