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    102 Sanford Dr Morganton, NC 28655

    For Sale
    $575,000

    Prime Morganton location, high traffic counts, needs renovation.

    Property size:
    5,498 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This 5,498 square foot commercial property located at 102 Sanford Drive, Morganton, NC, presents a unique investment opportunity. Situated on a 0.99-acre lot, this building enjoys exceptional visibility and high traffic counts. The North Carolina Department of Transportation reports 11,000 vehicles pass the location daily, with an additional 19,000 vehicles daily on a nearby section of West Union. The property previously housed a business with two separate party rooms, each featuring its own entrance. The previous tenant vacated without notice. The seller is not interested in leasing the property and is offering it for sale "as is, where is" with no guarantees. The building requires renovations to meet current building codes. Heating and cooling systems are currently unknown as power is disconnected

    Property Features for 102 Sanford Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,498 SF
    Lot Size
    43,124 SF

    Building Details

    Year Built
    1966
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New China Restaurant Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -81.70864
    Latitude
    35.73589

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Morganton location, high traffic counts, needs renovation.
    Where is this commercial real estate located?
    The property is located at 102 Sanford Dr Morganton, NC.
    What is the asking price?
    The asking price for this property is $575,000.
    (828) 568-2121
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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
    102 Sanford Dr Morganton, NC 28655
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