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1860 Main Ave SE
Hickory, NC 28602 Outer City Of Hickory

$3,159,021 USD

Warehouse For Sale  •  70,000 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 70,000 SF
  • Lot Size 3.86 AC
  • Building Class B
  • Year Built 1957
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning IND
50 Walk Score

Highlights

The tenant covers real estate taxes, insurance, utilities, and all property maintenance under the NN lease
Landlord obligations are limited to the roof, exterior walls, and structure, minimizing ownership duties
The passive structure suits 1031-exchange and out-of-state buyers seeking low-management income
In-place rent of approximately $3.27/SF sits roughly 27% below the $4.50/SF Hickory infill industrial market
The ±70,000 SF building (8,135 SF office / 61,865 SF warehouse) accommodates office, manufacturing, and warehouse uses
16’ clear height, one drive-in door, and seven dock-high doors support light-industrial and distribution users
Cap Rate: 7.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Cable Materials 9/30/2030

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Ari Ravi 727-452-6864 RIPCO Real Estate
Ari Ravi 727-452-6864 RIPCO Real Estate