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    1307 E Union St Morganton, NC 28655

    For Sale
    $3,199,000

    LAND - Morganton, NC

    Lot size:
    71.00 Acres
    Days on Market:
    56
    Last Refresh:
    Dec 9 at 10:06 am

    Property Features for 1307 E Union St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MID
    APN
    2704905583
    Lot size
    71.00 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Additional Structures
    Outbuilding

    C Shane Cook & Associates (828) 443-3205 [email protected]

    Listing agent Allen Curtis (828) 443-7318

    Listing date Oct 15, 2025

    MLS# 4151645 Listing URL

    Copyright © 2025 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.

    Overview

    Morganton Land Investment Opportunity

    This 71-acre property near downtown Morganton presents an investment opportunity with multiple possibilities due to its zoning, which allows for residential development, multi-family homes, or commercial development. The property currently features a historic 2-story farmhouse with 6 bedrooms and 2 bathrooms on E. Union Street. Also situated on the property is a store front on E. Union Street, originally the H.D. Leonhardt Store, circa 1910. This store was a successful general store that served the area between western Burke County and Hickory due to its convenient location. Behind the store front is a 3-bedroom, 1-bathroom cottage. The property, formerly the Leonhardt Estate on Leonhardt Hill, includes the store building, a smokehouse, well house, hen house/barn, and a mother-in-law cottage. The prominent farm home features a wrap-around porch, large kitchen, sitting room, grand dining room, living room, second story balcony, and a second story living area, in addition to the 6 bedrooms and 2 baths.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.66420019
    Latitude
    35.7548459

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    FAQs

    What type of property is this?
    Farm - 71-acre Morganton property suitable for residential or commercial development.
    Where is this farm located?
    The property is located at 1307 E Union St Morganton, NC.
    What is the asking price?
    The asking price for this property is $3,199,000.
    What are key features of this property?
    This property features: - 71+-acre property near downtown Morganton offers significant investment opportunity.; - Zoning allows for residential, multi-family, or commercial development.; - Includes a historic 2-story, 6BR/2BA farmhouse with wrap-around porch and multiple living areas.
    (828) 443-7318
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    1307 E Union St Morganton, NC 28655
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    Morganton, NC 28655
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1307 E Union St Morganton, NC 28655
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