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    309 Enola Rd Morganton, NC 28655

    For Sale
    $1,799,900

    COMMERCIAL - Morganton, NC

    Lot size:
    2.75 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 309 Enola Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    2702659992
    Lot size
    2.75 Acres

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

    Listing agent Allen Curtis (828) 443-7318

    Listing date Oct 10, 2025

    MLS# 4241270 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

    Restaurant Site on 2.75 Acres

    This 2.75-acre site, formerly a thriving restaurant, is available for purchase. The property, consisting of 5 parcels, is zoned HID and is located at 309 Enola Road, Morganton, NC 28655, at the entrance of a shopping center that includes Food Lion, Bin 5, and Peak Performance Fitness. Situated just off I-40 Exit 104, the location benefits from an average daily traffic count of over 10,000 vehicles. City sewer and water services are available, making this site suitable for a variety of commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.67173327
    Latitude
    35.71533602

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    FAQs

    What type of property is this?
    Restaurant - 2.75-acre restaurant site near I-40, ready for business.
    Where is this restaurant located?
    The property is located at 309 Enola Rd Morganton, NC.
    What is the asking price?
    The asking price for this property is $1,799,900.
    What are key features of this property?
    This property features: - High-traffic location: Over 10,000 average daily traffic count, situated just off I-40 Exit 104.; - Zoned HID: Offers diverse development opportunities.; - Large Acreage: 2.75+- acres provides ample space for redevelopment.
    (828) 443-7318
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    309 Enola Rd 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
    309 Enola Rd Morganton, NC 28655
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