Anchored Neighborhood Shopping
New
For Sale
Contact for pricing
903-915 W Union Street, Morganton, NC 28655
Renovated in 2025, the center offers prominent signage, multiple access points, parking, and available retail space.
Property Size99,100 SF
Lot Size9.59 Acres
Price / SF$17.66
Days on Market4
Property Features for 903-915 W Union Street
General Information
Standard status
Active
Size
99,100 SF
Total Parking Spaces
390
Lot size
9.59 Acres
Property subtype
Retail
Zoning
High Intensity District
Occupancy
94%
Net Operating Income
$518,000
Site & Location
Anchor Co-Tenants
Ollie's, Kimbrell's, Planet Fitness, Dollar General
Traffic Count
35,900 vehicles/day
Road Access
Yes
Building Details
Year Renovated
2025
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Philip Kates · License #FL 3235872
Source:
Crexi
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 10 at 6:52AM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
Mimosa Hills Shopping Center is a 99,100-square-foot neighborhood retail property renovated in 2025 after restoration work related to Hurricane Helene flooding. The center is approximately 93.9% occupied and includes about 6,000 square feet of vacancy, prominent signage, multiple access points, and 390 parking spaces. Ollie’s, Kimbrell’s, Planet Fitness, and Dollar General occupy approximately 78.1% of the gross leasable area.
The property spans approximately 9.59 acres at 903-915 W Union Street in Morganton, North Carolina, with frontage on W Union Street/US-70 near W Fleming Drive. Combined traffic at that location is approximately 35,900 VPD. The center is approximately 0.5 mile from Walmart-anchored Morganton Heights and approximately 2 miles from I-40. High Intensity District zoning supports continued retail and commercial use, subject to applicable restrictions and approvals. The site also includes potential outparcel development.
The property spans approximately 9.59 acres at 903-915 W Union Street in Morganton, North Carolina, with frontage on W Union Street/US-70 near W Fleming Drive. Combined traffic at that location is approximately 35,900 VPD. The center is approximately 0.5 mile from Walmart-anchored Morganton Heights and approximately 2 miles from I-40. High Intensity District zoning supports continued retail and commercial use, subject to applicable restrictions and approvals. The site also includes potential outparcel development.
Key Highlights
- 99,100‑square‑foot neighborhood retail center on approximately 9.59 acres
- Approximately 93.9% occupied, with about 6,000 square feet of vacancy
- Ollie’s, Kimbrell’s, Planet Fitness, and Dollar General occupy approximately 78.1% of GLA
Property Analytics
Current Use
Lease Details
35,900 VPD
Traffic count
93.9%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
696
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
City Electric Supply
Home Improvements & Furnishings
696 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Renovated in 2025, the center offers prominent signage, multiple access points, parking, and available retail space.
Where is this shopping center located?
The property is located at 903-915 W Union Street Morganton, NC.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 99,100‑square‑foot neighborhood retail center on approximately 9.59 acres; Approximately 93.9% occupied, with about 6,000 square feet of vacancy; Ollie’s, Kimbrell’s, Planet Fitness, and Dollar General occupy approximately 78.1% of GLA
