325 U.S. Hwy 70 SW

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325 U.S. Hwy 70 SW

Hickory, NC 28602
Asking Price
$4.00M
Asset Type
Multifamily
Class
Class B

What's Special

325 U.S. Hwy 70 SW is situated along a primary commercial corridor in Hickory, North Carolina. The property benefits from high visibility and direct access to major regional thoroughfares, including close proximity to the intersection of Highway 321 and Interstate 40. The surrounding neighborhood features a mix of established retail centers, dining options, and service-oriented businesses. Locally, the asset is positioned within a short drive of the LRU campus and the downtown district, providing residents with convenient access to major employment hubs and essential community amenities across Catawba County. The site is suited for multifamily residential use, offering a strategic location for workforce housing or student-oriented rentals. Given the proximity to local manufacturing centers, healthcare facilities, and educational institutions, a typical tenant profile includes young professionals, small families, and local commuters seeking proximity to regional transit. The location supports high-density development or the renovation of existing structures to meet the demand for attainable rental housing within the Hickory metropolitan area. The property offers functional connectivity for residents requiring efficient commutes to neighboring Charlotte or Boone.

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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,789.818
Annual Cash Flow
$-157,477.81

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