26,000 SqFt
26,000 SqFt
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 26,000 sqft
Price per Sqft $118
MLS Listing ID 4346637
Abv Grd Liv Area 26,000
Year Built 1966
Lot Size 2.270 Acres
Acres 2.27
Property Sub-Type Apartment
Property Description
Hickory is strategically positioned at the crossroads of I-40 and US-321, approximately 58 miles from Charlotte, providing residents and employers with commuter-friendly access to Charlotte's job base, airport connectivity, and amenities while maintaining a more attainable cost profile. The market also benefits from gateway connectivity to Western NC destinations, including Boone, NC, and Asheville, NC, reinforcing a compelling lifestyle draw that supports renter depth.
A key differentiator for the submarket is its emergence as a Western Piedmont AI-era digital infrastructure corridor, anchored by hyperscale operators, Apple's expanding $5 Billion Campus, Microsoft's $1 Billion multi-site buildout, and nearby Google's $1.2 Billion Lenoir data center investment, driving sustained infrastructure and capital investment tied to rising AI compute demand.
For investors, Eastmont Apartments presents a compelling value-add opportunity with clear upside through continued interior upgrades and rent growth to prevailing market levels. The asset is positioned for long-term NOI expansion in a market supported by Charlotte's proximity and durable economic generators, including healthcare, advanced manufacturing, logistics/distribution, higher education, and AI-era digital infrastructure.
Location
State NC
County Catawba
Zoning R4
Interior
Heating Electric
Cooling Electric
Appliance Other
Laundry Common Area
Exterior
Street Surface Asphalt,Paved
Garage false
Building
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Brick Partial
New Construction false
Schools
Elementary Schools Viewmont
Middle Schools Northview
High Schools Hickory
Others
Pets Allowed Yes
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None