560 11th Avenue Place Northwest

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560 11th Avenue Place Northwest

Hickory, NC 28601
Asking Price
$450K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 2 acres in Hickory
  • Located within the established Foxcroft neighborhood
  • Ready for immediate residential building and development
  • Offered for sale at a price of 450,000 dollars
  • Property is situated at 560 11th Avenue Place Northwest

What's Special

Hickory, North Carolina, serves as a prominent hub in the foothills of the Blue Ridge Mountains, characterized by a diverse industrial base and steady population growth. The region benefits from strong connectivity via major thoroughfares, providing access to broader metropolitan services while maintaining the character of a growing suburban market. This 2-acre residential land parcel is situated within the Foxcroft area, presenting a build-ready site for developers or private buyers looking to establish a footprint in a established residential setting. The land is zoned for residential development, making it suitable for a custom single-family home or a small-scale housing project. Proximity to local amenities and the infrastructure of Hickory ensures that this site remains a practical choice for residential construction. The property offers enough acreage to accommodate various site designs while leveraging the quiet atmosphere of the surrounding neighborhood. Investors and homeowners will find this an accessible entry point into the Hickory market, where demand for well-located residential land continues to be supported by the regional economy.

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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746

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