133-135 Hyco Street

133-135 Hyco St Norlina, NC 27563

133-135 Hyco St, Norlina, NC, 27563
133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563 133-135 Hyco St, Norlina, NC, 27563
FOR SALE
Property Type:
Street Retail
Amount:
$419,900
Last Verified:
Jun 13, 2024

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Highlights

  • Meticulously renovated 4000 SF building
  • Historic 1926 construction with modern updates
  • Zoned NB- Neighborhood Business

Description

Introducing 133-135 Hyco St, Norlina, NC, an impressive 4,000 SF building built in 1926 and recently renovated in 2023. This property boasts timeless architectural charm and modern functionality, providing a captivating space for a variety of retail or office ventures. With its convenient location in the heart of Norlina, this property presents an attractive investment prospect in a commercial area. Its strategic location enhances its appeal as a lucrative commercial investment. The first-floor retail area is presently under lease until February 2026, with a viable option for renewal extending three years beyond. Additionally, the separate commerical kitchen space on the first floor remains available for lease, offering supplementary revenue streams. Notably, the existing Coopers Express franchise is transferable to the prospective owner. Moreover, the second floor has undergone partial renovation, featuring updated HVAC systems, plumbing, electrical infrastructure, and sheetrock installation, presenting an ideal canvas for tailored completion to accommodate either retail or office occupancy, thereby amplifying potential value and revenue streams.

Discover the charm of Norlina, NC, just steps away from 133-135 Hyco Street. With its quaint downtown area and rich history, this location offers a unique opportunity for Retail / Street Retail investment. Explore the local boutiques, cafes, and restaurants that give the area its distinct character and appeal to both locals and visitors. The property is surrounded by vibrant community spaces, creating a welcoming environment for businesses to thrive. Convenient access to major roadways ensures excellent visibility and accessibility for potential customers. Embrace the potential of this prime location in Norlina, where small-town charm meets big possibilities for retail success.


Year Built: 1926
Building Size: 4000sq ft
Lot Size: 0.05 acres


Documents

133-135 Hyco St Flyer

Map of 133-135 Hyco St, Norlina, NC, 27563

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.