2010 Clement Blvd NW - Sports and Entertainment FOR SALE


Hickory, NC 28601- Outer City Of Hickory
$8,500,000 USD
704-619-7108
2010 Clement Blvd NW, Hickory, NC for Sale
$8,500,000 USD
Sports and Entertainment - FOR SALE
1/5
null | 9.37% Cap Rate

2010 Clement Blvd NW
Hickory, NC 28601
Outer City Of Hickory


HIGHLIGHTS

  • Hickory ranks 1st in NC & SC for manufacturing concentration
  • Ranked 9th best main street in the U.S. (April 2024, USA Today)
  • 23 universities within 50 miles

OVERVIEW

Colliers presents a compelling investment opportunity at 2010 Clement Blvd NW in Hickory, North Carolina. This ±110,000-square-foot institutional facility spans approximately 14.15 acres and is strategically positioned in a high-growth commercial corridor near Highway 321, Hickory Regional Airport, and L.P. Frans Stadium. The property comprises four interconnected buildings with expansion potential, a commercial-grade kitchen, and ceiling heights up to 40 feet. Its flexible zoning supports a wide range of uses including retail, education, entertainment, light industrial, and community services—making it ideal for redevelopment into a motion picture studio, convention center, school campus, or indoor sports complex. Currently, the asset is partially leased under short-term agreements, generating a strong net operating income of approximately $796,521.60 and offering a cap rate of 9.37%. The tenant mix includes fitness, volleyball, office, and outdoor storage users, with additional space available for lease or repurposing. The site also boasts 1,400 parking spaces, equating to a high parking ratio of 13.43 per 1,000 SF, which supports high-traffic operations and logistics-oriented tenants. The property’s simple structural design minimizes maintenance and tenant improvement costs, while its scale allows for phased development or future parceling. Located in a region with a robust manufacturing base and a growing population, Hickory ranks first in North and South Carolina for manufacturing concentration and offers access to over 2 million people within a 60-minute drive. The area is also undergoing significant development, including the $90 million Hickory Trail greenway, a new aviation museum, and multiple residential and mixed-use projects.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

9.37%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

1400

LAND DETAILS

LAND ACRES

14.14 AC

LAND SF

615,938 SF

ZONING

OI

APN/PARCEL ID

2793115547600000

ASK ABOUT THIS PROPERTY

Philip CorriherColliersMore Info
704-619-7108

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Philip CorriherColliersMore Info
704-619-7108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.