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

1022 2nd St NE is situated in a well-established commercial corridor in northeast Hickory, North Carolina. The property benefits from its proximity to the Highland neighborhood and major local thoroughfares, offering straightforward access to I-40 and Highway 70. The surrounding area features a mix of residential housing, medical offices, and existing retail centers. Nearby amenities include various local dining options, grocery stores, and professional services, ensuring consistent vehicle traffic and visibility within a developed urban setting. This retail asset is suited for businesses seeking a central location with established neighborhood connectivity. Ideal use cases include boutique retail, specialty showrooms, or professional service firms such as insurance agencies and satellite medical offices. The property’s footprint and location cater to local entrepreneurs or regional franchisees looking to capture the demographic profile of the surrounding residential base. Typical tenants include service-oriented retailers or small-scale distributors requiring a balance of customer accessibility and functional commercial space.

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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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