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729 1st Ave SW 4,009 SF 100% Leased Office Building Hickory, NC 28602 $470,000 ($117.24/SF)


Investment Highlights
- Located only seconds from downtown Hickory and one block from the City Walk.
- Includes an adjoining vacant lot, providing expansion or redevelopment options
- Lower level offers additional offices, storage areas, and unfinished flex space.
- All-brick structure offering over 4,000 SF of interior space on 0.41 acres.
- Main level with 8+ offices, kitchenette, two restrooms, and original hardwood floors.
Executive Summary
729 1st Avenue SW is an all-brick office building located steps from downtown Hickory, North Carolina, one block from the City Walk. The property spans approximately 4,000 square feet on a 0.41-acre parcel and includes an adjoining vacant lot. Constructed in 1950, the building features a main level with multiple offices, a kitchenette, and two restrooms, as well as a partially finished lower level with additional offices and flex space. Parking is available at the front and rear of the property, and the site has city-approved plans for a commercial kitchen that can transfer to a new owner. Utilities include public sewer and natural gas HVAC systems. The property’s location offers quick access to major thoroughfares within Hickory and proximity to commercial services and retail amenities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,009 SF
Building Class
C
Year Built
1950
Price
$470,000
Price Per SF
$117.24
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,004 SF
Building FAR
0.22
Lot Size
0.41 AC
Zoning
COM - Commercial
Parking
10 Spaces (2.49 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3702062980180000 | Improvements Assessment | $117,400 |
| Land Assessment | $15,700 | Total Assessment | $133,100 |
Property Taxes
Parcel Number
3702062980180000
Land Assessment
$15,700
Improvements Assessment
$117,400
Total Assessment
$133,100
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729 1st Ave SW
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