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    Sanford Dr Morganton, NC 28655

    Sponsored
    For Sale
    $1,273,500

    8.49 Acres, High-Intensity Zoning

    Property size:
    369,824 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.49-acre property presents a rare development opportunity in Morganton, North Carolina. Located within the city's High Intensity District (HID) zoning, this expansive parcel offers unparalleled flexibility for a variety of commercial and residential projects. The site boasts a total square footage of 369,824, currently vacant, and is priced at $1,273,500 ($3.44/sq ft). Its gently sloping terrain and stunning views create an ideal canvas for a multi-family residential complex, retail space, or a mixed-use development combining both. The property's prime location provides easy access to major roads and highways, ensuring convenient access for residents and customers. The APN is 2704143120. This strategic location within Morganton's thriving market positions the property for significant growth and return on investment. The HID zoning allows for a wide range of uses, maximizing the potential for a highly profitable venture. This is a unique chance to capitalize on the growth of this vibrant North Carolina community. The property's address is 0 Sanford Drive, Morganton, NC 28655. The property is zoned HID.

    Property Features for 0 Sanford Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    369,824 SF
    Lot Size
    369,824 SF

    HighLights

    • 8.49‑acre site in Morganton's High‑Intensity District.
    • Ideal for multi‑family or retail development.
    • Excellent highway access.
    • Prime location in a rapidly growing market.
    • Gently sloping lot with scenic views.
    • High‑Intensity zoning allows diverse uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.690679696365
    Latitude
    35.764686850447

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    FAQs

    What type of property is this?
    Multifamily property - 8.49 Acres, High-Intensity Zoning
    Where is this multifamily property located?
    The property is located at Sanford Dr Morganton, NC.
    What is the asking price?
    The asking price for this property is $1,273,500.
    What are key features of this property?
    This property features: 8.49-acre site in Morganton's High-Intensity District.; Ideal for multi-family or retail development.; Excellent highway access.
    Request Owner's contact information
    Sanford Dr 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
    Sanford Dr Morganton, NC 28655
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