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    1981 Jamestown Rd Morganton, NC 28655

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    For Sale
    $895,000

    47.34 acres approved for 50-unit housing development near Morganton.

    Property Features for 1981 Jamestown Rd

    General Information

    Standard status
    Active

    Source: RE/MAX SOUTHERN LIFESTYLES Agent BRYAN BLACK

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

    Overview

    Development Ready Land with Approvals

    This approximately 47.34-acre property is ready for development and is located at the intersections of Interstate 40, Causby Road, and Jamestown Road. The land rolls beautifully and offers long-range views. It was recently approved for a 50-unit housing development through a developer, with survey, soil evaluation, wetland delineation, biological evaluation for the effect determination of threatened and endangered species, phase 1 ESA, market study, title search, and water service commitment already completed and approved by Burke County. A previous buyer terminated due to funding issues, presenting an opportunity for a new developer or builder. Local and state officials prioritize the success of this property becoming residential. The property is located two minutes from the new Burke Business Park, minutes from Morganton, and a short drive to the Western North Carolina Mountains. Building on the property does not convey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Accounting Firm Bed & Breakfast Plumbing Service Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.7831952
    Latitude
    35.703255

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    FAQs

    What type of property is this?
    Land - 47.34 acres approved for 50-unit housing development near Morganton.
    Where is this land located?
    The property is located at 1981 Jamestown Rd Morganton, NC.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Approved for a 50-unit housing development with completed survey, soil evaluation, wetland delineation, biological evaluation, Phase 1 ESA, market study, title search, and water service commitment.; - Located at the intersection of Interstate 40, Causby Road, and Jamestown Road, offering excellent accessibility.; - 47.34 acres of rolling land with long-range views.
    (828) 430-7212
    Request Owner's contact information
    1981 Jamestown Rd 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
    1981 Jamestown Rd Morganton, NC 28655
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