117 Union StMorganton, NC 28655

For Lease
$180/SF/YR

Prime location, 5,000 sq ft, street parking.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 5,000 square foot restaurant space is ideally situated at 117 East Union Street in Morganton, North Carolina, at the corner of East Union Street and South Green Street. The property boasts a single-tenant occupancy and is currently vacant, presenting a unique opportunity for a high-end establishment. The building is zoned for CBD use and offers convenient access to ample street parking, supplemented by several nearby free parking lots. The location is highly desirable, situated directly across from the historic Morganton Center Square, placing it in the heart of downtown activity. This prime location is further enhanced by its proximity to other bars and entertainment venues, creating a vibrant atmosphere. Within three blocks, you'll find an 80-room hotel, along with numerous VRBO and Airbnb properties, ensuring a steady flow of potential customers. The property is equipped with both electric and natural gas power. For aspiring restaurateurs, low-interest loans and funding options are available through Main Street programs, making this an attractive opportunity for new ventures. The space is envisioned for a restaurant operating lunch and dinner services, with the potential for a late-night bar area, operating five or more days a week.

Highlights

  • 5,000 SF restaurant/bar space available.
  • Currently in city permitting; shell completion anticipated end of 2024/early 2025.
  • Tenant-funded build-out; plumbing, electrical, HVAC, gas lines, hood ductwork, sprinkler system, and exterior improvements (windows, doors, facade) will be complete.
  • Outdoor seating potential with upcoming streetscape improvements.

Unit(s) available at that property

Space
Size
5,000 SF
Rate per SF
$180

Location Insight

City
Morganton
County
Burke
State
North Carolina
Latitude
35.7460999
Longitude
-81.6877193
117 Union St, Morganton, North Carolina

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117 Union St
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