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    204 Mcdowell St Morganton, NC 28655

    For Sale
    $350,000

    Updated Office Building, Ample Space Available

    Property size:
    4,065 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 4,065 square foot office building, situated on a 0.44-acre lot at 204 E McDowell Street E in Morganton, NC, presents a compelling investment opportunity. Priced at $350,000, the property boasts recently completed building improvements, enhancing its functionality and appeal. The building currently houses several occupied office spaces, generating existing rental income. This provides a solid foundation for immediate return on investment, with the added benefit of additional space available for immediate occupancy by a new owner or for further rental opportunities. The existing tenants provide a stable income stream, minimizing vacancy risk. The property's location in Morganton offers convenient access to local amenities and transportation routes, making it an attractive location for businesses and professionals. The 0.44-acre lot provides ample parking and potential for future expansion or development. This is a turnkey opportunity for an investor seeking a profitable commercial property with immediate income potential and the flexibility to expand operations or rental income. The recent improvements ensure the building is in excellent condition, minimizing upfront maintenance costs. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed financial statements and tenant information are available upon request.

    Property Features for 204 Mcdowell St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,065 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1970
    Location Intelligence

    Current Use by Public Records

    Charles M Bostian Attorney Law Office of Anthony ... General Practice Attorney Mills Brian T Attorney Shane Farr Law Law Firm Law Office of Russell ... Law Firm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.68326
    Latitude
    35.74419

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    FAQs

    What type of property is this?
    Office Property / Space - Updated Office Building, Ample Space Available
    Where is this office property / space located?
    The property is located at 204 Mcdowell St Morganton, NC.
    What is the asking price?
    The asking price for this property is $350,000.
    (828) 437-7500
    Request Owner's contact information
    204 Mcdowell St 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
    204 Mcdowell St Morganton, NC 28655
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