Description

Offered at $205,000 with a recent $300,000 appraisal (copy available upon request), 3605 16th St NE in Hickory presents a rare investment opportunity on a full acre lot. Currently zoned for 4 homes per acre, Catawba County has confirmed that up to 8 townhomes may be built here with approved plans. The location is already proven—just next door, Bear Park Townhomes is a brand-new development, with a unit closing in May 2025 for $270,000, highlighting the strong demand in this area. The property offers two clear paths for an investor. For builders and developers, the 1-acre site with city water and sewer is ideal for new townhomes. For renovators, the existing brick ranch features 3 bedrooms, 2 baths, 1,395 square feet, and a partially finished attic with private outside entrance. Additional features include a 2-car carport, outbuildings, and mature trees. Recent upgrades include a green metal roof (2020) and windows (2015), though the home will require a full interior renovation—The power has been off since the last tenants left, seller will NOT turn power on. MORE PHOTOS AVAILABLE UPON RQUEST. Whether you choose to renovate the existing home or build new townhomes, this property is a rare and versatile opportunity in a growing Hickory market.