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Two-Story Brick Retail Building
For Sale
$710,000
Pending

117 W Union Street, Morganton, NC 28655

MULTI_FAMILY - Morganton, NC

Property Size5,460 SF
Lot Size0.06 Acres
Days on Market90

Property Features for 117 W Union Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R-3
Bedrooms 4
Bathrooms 6
Full bathrooms 4
Half bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 5
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
Standard status Pending
APN 2954
Lot size 0.06 Acres

Taxes and HOA fees

Tax Description Metes and Bounds
Legal Description Metes and Bounds

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air

Building Details

Year built 1901
Number of units 1
Building materials Brick Full
Listing Agency: FK and Associates Real Estate Firm
Listed By: Freddy Karmatz · License #282367
Added: May 15 Changed: Aug 3 Last Checked: Aug 12 at 10:06AM
MLS# 4382307

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

117 W Union Street in Morganton presents a historic two-story brick retail building with a classic Italianate-style facade. The ground floor is commercial and leased year to year, offering flexible options for current or future tenant layouts.

The upper level is built out as offices, with 20 plus offices and four bathrooms not leased at this time. The building’s exterior features an Italianate design with a distinctive cornice and arched window detailing. Construction materials include brick full, with central heating and central air.

Set on a 0.06-acre site, the building is served by public sewer and was built in 1901. With its mixed ground-floor retail and upper-level office layout, the property supports a range of potential redevelopment or continued use paths; all intended uses should be confirmed with the City of Morganton.

Key Highlights

  • 5,460 sq ft two‑story brick retail building
  • Ground‑floor commercial space leased year to year
  • Italianate‑style facade with arched window detailing and distinctive cornice

Property Analytics

Current Use

Tiffany West Interiors Furniture & Home Goods

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,168
Businesses Nearby

Demographics for 28655, NC

55,328
Population
24,542
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
84%
High-School Grad
325.0 sq mi
ZIP Area
170
Density / Sq Mi
$53,464
Median Household Income
$34,191
Median Earnings
$827
Median Rent
$170,400
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor commercial space is leased year to year, with offices on the upper level in a two-story brick building.
Where is this retail space located?
The property is located at 117 W Union Street Morganton, NC.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 5,460 sq ft two‑story brick retail building; Ground‑floor commercial space leased year to year; Italianate‑style facade with arched window detailing and distinctive cornice
More about this property
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