Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    307 Salem Rd Morganton, NC 28655

    For Sale
    $249,900

    High-visibility, 2.5+ acres, I-40 access.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 2.5-acre commercial lot presents a rare opportunity in Morganton, NC. Located at 307 Salem Road, this property boasts high traffic visibility and is zoned GB-CU, allowing for a wide variety of commercial, business, and office uses. Its strategic location offers unparalleled convenience, situated minutes from Interstate 40, ensuring easy access for customers and employees. The property's considerable size provides ample space for development, accommodating substantial building footprints. Existing infrastructure includes readily available underground natural gas and utilities, along with adequate city water and sewer services, eliminating significant upfront development costs. The site benefits from its proximity to established businesses, including Lowe's, Rural King, Big Lots, Food Lion, Morganton Honda, and numerous national fast-food chains, creating a vibrant and attractive commercial environment. Detailed planning committee conditions are on file for review. This is the last remaining commercial corner lot in this highly desirable area, making it an exceptional investment opportunity. The property includes Record #8876 and PIN 1792841069. Priced at $249,900.

    Property Features for 307 Salem Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    108,900 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.70202
    Latitude
    35.71004

    Nearby Similar for Sale

    • $650,000
      1.28 Acres

      Established Seafood Business Opportunity

      Turnkey seafood business with real estate and equipment included.
      410 E Fleming Dr, Morganton, NC 28655
      View Details
    • $299,000
      0.40 Acres

      Morganton Duplex with Rental History

      Duplex in Morganton, NC with established rental history and prime location.
      100 Normandy Dr, Morganton, NC 28655
      View Details
    • $369,900
      0.78 Acres

      Downtown Morganton Barber Shop Opportunity

      Barber shop in downtown Morganton with five stations.
      725 E Union St E, Morganton, NC 28655
      View Details
    • $699,000
      0.51 Acres

      Corner Lot with High Visibility

      Prime corner lot with high traffic and development potential.
      324 Sanford Dr, Morganton, NC 28655
      View Details
    • $310,000
      0.99 Acres

      Corner Lot with Highway Frontage

      Property with excellent road frontage, suitable for various business ventures.
      2425 Hwy W, Morganton, NC 28655
      View Details
    • $1,171,820
      9,014 SF

      Dollar General Net Lease Investment

      Net lease retail investment opportunity leased to Dollar General.
      1324 Burkemont Ave, Morganton, NC 28655
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-visibility, 2.5+ acres, I-40 access.
    Where is this commercial real estate located?
    The property is located at 307 Salem Rd Morganton, NC.
    What is the asking price?
    The asking price for this property is $249,900.
    (828) 432-6111
    Request Owner's contact information
    307 Salem Rd Morganton, NC 28655
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    307 Salem Rd
    Morganton, NC 28655
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    307 Salem Rd Morganton, NC 28655
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.