6-Suite Shopping
For Sale
$799,000
Pending
408 W Fleming Drive, Morganton, NC 28655
Multi-suite commercial property with leased space and additional suites available for lease after sale.
Property Size20,031 SF
Days on Market52
Property Features for 408 W Fleming Drive
General Information
Standard status
Pending
Size
20,031 SF
Property subtype
Business
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 2703331144, Assessed Value: $962,200
Central Air
Central
Listing ID: CAR4412480, Standard Status: Active Under Contract, MLS Status: Under Contract-Show, Property Subtype: Business, 12 days on market, Special Conditions: Subject to Lease
Built in 2003, 1 building, Construction Materials: Brick Full
County/Parish: Burke
Water Source: City
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
20,031 SF
Year Built
2003
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Newton RE
(828) 433-1485
Listed By:
Tim Newton
(828) 439-5921
Source:
Blackstreaminternational
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 9:06AM
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 Coldwell Banker Newton RE
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Investment Insights
Based on property information with market context.
Built in 2003, this shopping center contains 6 suites within a multi-unit commercial building. Four suites are occupied under leases, while the remaining 2 are used by the current owner and will be available for lease upon sale. The configuration provides an established leased component alongside additional space that can be marketed for occupancy.
The property is located at 408 W Fleming Drive in Morganton, North Carolina, with frontage along Fleming Drive. Access to the property is coordinated through the listing agent.
The property is located at 408 W Fleming Drive in Morganton, North Carolina, with frontage along Fleming Drive. Access to the property is coordinated through the listing agent.
Key Highlights
- 6‑suite commercial building
- 4 suites occupied under leases
- 2 owner‑used suites available for lease upon sale
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
98k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 29%
Groceries 22%
Home Improvements & Furnishings 12%
Aldi
Groceries
21,413 visits/mo
0.3 miles
Burger King
Dining
19,232 visits/mo
0.4 miles
Northwest Hardware Company
Home Improvements & Furnishings
11,315 visits/mo
0.2 miles
Wells Fargo
Shops & Services
9,693 visits/mo
0.5 miles
Little Caesars Pizza
Dining
6,904 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- The Shoppes At Tannery Square — 416/42 W Fleming Dr, Morganton, NC 28655
- Morganton Plaza — 114 E Fleming Dr, Morganton, NC 28655
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-suite commercial property with leased space and additional suites available for lease after sale.
Where is this shopping center located?
The property is located at 408 W Fleming Drive Morganton, NC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 6‑suite commercial building; 4 suites occupied under leases; 2 owner‑used suites available for lease upon sale
