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 surrounding neighborhood features a mix of established retail centers, dining options, and light industrial facilities. The property offers direct access to Highway 70 and is positioned less than two miles from Interstate 40, facilitating regional connectivity to nearby Winston-Salem and Asheville. Local amenities include the Catawba Valley Furniture Academy and various shopping plazas within walking distance. The location is suited for workforce housing or mid-range multifamily development. Given its proximity to major transportation arteries and local employment hubs in the manufacturing and healthcare sectors, the asset typically attracts a tenant profile of local professionals and commuters. The site’s accessibility making it a functional choice for residents seeking proximity to central Hickory’s industrial and commercial districts.

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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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