1022 2nd St NE

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1022 2nd St NE

Hickory, NC 28601
Asking Price
$4.74M
Asset Type
Retail
Class
Class B

What's Special

Situated at 1022 2nd St NE, this retail property is located within a established commercial corridor in Hickory, North Carolina. The neighborhood features a mix of professional offices and residential pockets, offering consistent local visibility. The site is positioned near the Lenoir-Rhyne University campus and provides convenient access to major thoroughfares, including Highway 70 and Interstate 40. Nearby amenities include a variety of local eateries, banking institutions, and regional shopping centers. The property is suited for a range of retail applications, such as boutique storefronts, service-oriented businesses, or specialty showrooms. Its proximity to both a student population and central business districts makes it a viable location for tenants seeking a blend of daytime foot traffic and neighborhood accessibility. Typical tenants for this asset profile include local entrepreneurs, franchise operators, or professional service providers requiring a retail presence.

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NOI
$80,000
Cap Rate
1.69%
DSCR
0.28
Underwater
Cash-on-Cash
-14.16%
Monthly Payment
$23,432.95
Annual Cash Flow
$-201,195.397

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