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    2301 Morganton Blvd Lenoir, NC 28645

    Sponsored
    For Sale
    $464,900

    Prime location, 5754 sq ft, high income potential.

    Property size:
    5,754 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 2301 Morganton Boulevard in Lenoir, NC, presents a unique investment opportunity. The 5,754 square foot, single-story brick building sits on a 0.75-acre lot and is in excellent condition. Currently configured as two separate units, each with reception areas, offices, storage, a kitchen/break room, and shared access to three bathrooms, the layout offers incredible flexibility. The zoning, I-1 (Light Industrial), allows for a wide variety of business uses. The building could easily be converted into four smaller units or remain as a single large space, catering to diverse needs. Adding to its appeal are two convenient garage doors located at the rear, providing additional access and ample storage space beyond the existing office areas. A significant advantage is the inclusion of two parcels and a revenue-generating billboard sign, enhancing the overall return on investment. Its strategic location on Highway 18 Morganton Boulevard, just past the Southwest Loop leading to Highway 321, ensures high visibility and accessibility. This property is priced at $464,900 and offers substantial potential for growth and profitability.

    Property Features for 2301 Morganton Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,754 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built
    1964
    Property Profile Location Intelligence

    Current Use by Public Records

    Royal Gutters Gutter Cleaning Service AAH Home LLC ... Association / Organization Second Bloom Boutique Women'S Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.56995
    Latitude
    35.89403

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 5754 sq ft, high income potential.
    Where is this office property / space located?
    The property is located at 2301 Morganton Blvd Lenoir, NC.
    What is the asking price?
    The asking price for this property is $464,900.
    (828) 851-1541
    Request Owner's contact information
    2301 Morganton Blvd Lenoir, NC 28645
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    Lenoir, NC 28645
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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
    2301 Morganton Blvd Lenoir, NC 28645
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