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Office Building with Drive-Through
New
For Sale
$1,200,000

101 W Union Street, Morganton, NC 28655

Historic downtown property with frontage and access on two streets.

Property Size12,918 SF
Days on Market2

Property Features for 101 W Union Street

General Information

Standard status Active
Size 12,918 SF
Class B
Property subtype Office

Building Details

Building Size 12,918 SF
Year Built 1902
Listing Agency: Appalachian Commercial Real Estate, LLC.
Listed By: James Milner, CCIM · License #255106
Source: Appalachiancre
Added: Sep 30 Last Checked: Sep 30 at 3:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Appalachian Commercial Real Estate, LLC.

Investment Insights

Based on property information with market context.

Built in 1902 and renovated in 1975, this office property contains ±12,918 square feet on ±0.27 acres. Three drive-thru lanes and seven on-site parking spaces are in place, supporting a configuration that combines office space with vehicle-oriented access. The existing improvements may also accommodate continued commercial use or adaptive reuse.

The property occupies a signalized downtown corner with frontage and access along W. Union Street and S. Sterling Street. W. Union Street carries approximately 7,100 vehicles per day. Within one mile, the daytime population exceeds 8,300, including approximately 4,770 workers.

Key Highlights

  • ±12,918 SF office building on ±0.27 acres
  • Built in 1902; renovated in 1975
  • Three existing drive‑thru lanes

Property Analytics

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Open Analytics

Current Use

Wells Fargo Bank Bank Wells Fargo ATM Atm Wells Fargo Advisors Financial Advisor

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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Office building - Historic downtown property with frontage and access on two streets.
Where is this office building located?
The property is located at 101 W Union Street Morganton, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ±12,918 SF office building on ±0.27 acres; Built in 1902; renovated in 1975; Three existing drive‑thru lanes
More about this property
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