1383/1381 Center Street
1383/1381 Center Street
Hickory, NC 28601
$985,000
- Lot Size: 0.09 Acres
Description
Proven commercial corner unit including $300k+ worth of restaurant/bar up-fitting and equipment installed. Could be used for office space like it's surrounding units but is currently restaurant/bar space. 2 buildings in one connected only through the kitchen, nearly 2/3 of the space is designed for full/quick service restaurant sales and the rest, a fully self-sufficient bar. Equipment includes an XL hood, walk-in coolers, draft beer system w/ cooling, and cocktail station. Cleaning stations, office area, 4 total bathrooms as well as ample indoor seating space w/ an outdoor patio section. Keep these businesses separate or open them together as the restaurant and bar space you’ve been dreaming of. The two parcels can also be sold separately. Leasing at 18-22/sf shows a pro-forma of 6.3% to 7.7% cap rate.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | Food/Beverage |
| Year Built : | 2006 | Construction Type : | Site Built |
| Lot Size : | 0.09 Acres |
Property Features
- Corner Lot
- End Unit
- Level
- Patio
More Information
- Construction : Brick Partial, Synthetic Stucco
- Roof : Flat
- Parking : Parking Lot
- Heating : Hot Water
- Cooling : Central Air
- Water Source : City
- Road : Publicly Maintained Road
Based on information submitted to the MLS GRID as of 02-22-2025 07:22:03 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.