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    115 E Union St Morganton, NC 28655

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    For Lease
    $21 SF/Yr ($9,800 /Mo)

    5,600 SF restaurant/retail space with tenant improvement allowance.

    Property size:
    5,600 SF
    Lot size:
    0.19 Acres

    Property Features for 115 E Union St

    General Information

    Size
    5,600 SF
    Lot size
    0.19 Acres

    Source: Real Estate Development Partners Agent Bobby Edwards

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant/Retail Space Available For Rent

    This property offers 5,600 square feet of restaurant space available for rent. The landlord is willing to consider subdividing the space for qualified operators. A tenant improvement allowance is available. The landlord intends to renovate the exterior with new paint, lighting, windows, roll-up doors, and facade improvements. There is an opportunity for a 1,200 to 1,500 square foot patio space. The landlord plans to convert the upstairs area into four two-bedroom luxury apartments. The asking rate is $21 per square foot on a triple net lease basis.
    Insight Report Location Intelligence

    Current Use by Public Records

    Breathe Yoga & Wellness Yoga Studio Brown Mountain Bottleworks Beer Store

    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
    -81.6884653
    Latitude
    35.7451738

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    FAQs

    What type of property is this?
    Restaurant - 5,600 SF restaurant/retail space with tenant improvement allowance.
    Where is this restaurant located?
    The property is located at 115 E Union St Morganton, NC.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - 5,600 SF restaurant space available, divisible for qualified operators; - Tenant Improvement Allowance available to customize the space; - Landlord to renovate exterior, including paint, lighting, windows, roll up doors, and facade
    (252) 578-2003
    Request Owner's contact information
    115 E Union 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
    115 E Union St Morganton, NC 28655
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