Listing Agency: Collett e***@whitneycre.com Show Phone

Listed By: Eric Engstrom · License #285282

Source: Crexi

Added: Oct 31, 2024 Changed: Aug 11 Last Checked: Aug 12 at 2:43PM

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Investment Insights

Based on property information with market context.

This 9-acre property is located on Hwy 181 / N. Green Street in Morganton, NC, and is available for sale or lease. It offers a combination of retail and industrial potential, featuring 1.4 acres of retail-ready frontage and 7.63 acres dedicated to industrial/manufacturing use for laydown and storage. The site includes a 37,000+ square-foot industrial building suitable for warehousing, manufacturing, or distribution. Positioned along a main corridor with a daily traffic count of 21,500 cars, the location provides maximum visibility amid a mix of retail, commercial, and industrial establishments. This location is suitable for businesses and developers seeking exposure, functionality, and room for expansion.

Property Analytics

Property Profile

Current Use

King's Christmas Trees Landscaping

Suggested Use

Top Pick Building Supply Law Firm Auto Repair Shop Real Estate Agency Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,157

Businesses Nearby

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 9-acre property with retail frontage and industrial space in Morganton.

Where is this mixed-use property located?

The property is located at 833 N Green St Morganton, NC.