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Flex Property with Barn Structures

121 PATRICK MURPHY DR, Morganton, NC 28655

For Sale
New
Contact for pricing

Six buildings span vintage barn, industrial, flex, and warehouse formats across the two-property offering.

Property SizeContact for details
Days on Market5

Property Features for 121 PATRICK MURPHY DR

General Information

Standard status Active
Property subtype Retail, Industrial, Land

Building Details

Buildings 6
Listing Agency: Simpson Commercial Real Estate
Listed By: William Hatcher · License #NC: 332792
Source: Crexi
Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 3:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Simpson Commercial Real Estate

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The offering at 120 and 121 Patrick Murphy Drive in Morganton includes six buildings: two older barn structures and four buildings used for industrial, flex, or warehouse purposes. Owner-user occupancy, adaptive reuse, and redevelopment are identified as possible directions, subject to zoning, permitting, building conditions, and government approvals.

The properties meet at a signal-controlled intersection. They adjoin Murphy's Farm Apartments, a 240-unit Class A community completed in 2022, and are near Broughton Hospital.

Key Highlights

  • Six buildings across two properties
  • Two vintage barn buildings and four industrial, flex, or warehouse buildings
  • At a four‑way signalized intersection

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Electrical Service Building Supply Big Box & Wholesale Store Auto Repair Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby
Well-served
Demand for This Use

Demographics for 28655, NC

55,328
Population
24,542
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
84%
High-School Grad
325.0 sq mi
ZIP Area
170
Density / Sq Mi
$53,464
Median Household Income
$34,191
Median Earnings
$827
Median Rent
$170,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Six buildings span vintage barn, industrial, flex, and warehouse formats across the two-property offering.
Where is this flex space located?
The property is located at 121 PATRICK MURPHY DR Morganton, NC.
What are key features of this property?
This property features: Six buildings across two properties; Two vintage barn buildings and four industrial, flex, or warehouse buildings; At a four‑way signalized intersection
(704) 413-4890 Call to check price and availability
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