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    2425 Hwy Morganton, NC 28655

    For Sale
    $320,000

    High-Visibility Hwy 70 Commercial Property

    Property size:
    1,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This 1,200 sq ft commercial property in Morganton, NC, sits on a 0.99-acre lot at the corner of Hwy 70 and Dysartsville Rd, offering excellent road frontage on both sides. Currently configured as a boat storage and repair shop, with a roofing company leasing the front building (lease transfer required). The property includes a four-bay garage and a fenced area, both currently available for lease, presenting opportunities for additional income streams. Several storage sheds and a carport are also included. The front building features recent updates, including a new heat pump installed within the last few years. This versatile property is ideal for a variety of businesses, benefiting from its high visibility and convenient location. The seller may consider owner financing with a substantial down payment. The property's diverse features, including the existing lease, ample storage, and prominent location, make it a compelling investment opportunity. The combination of existing income and potential for further rental income makes this a strong contender for investors seeking a solid return.

    Property Features for 2425 Hwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,200 SF
    Lot Size
    43,124 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.84052
    Latitude
    35.69873

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    FAQs

    What type of property is this?
    Office Property / Space - High-Visibility Hwy 70 Commercial Property
    Where is this office property / space located?
    The property is located at 2425 Hwy Morganton, NC.
    What is the asking price?
    The asking price for this property is $320,000.
    (828) 442-0034
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    2425 Hwy 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
    2425 Hwy Morganton, NC 28655
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