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    2120 Morganton Blvd Lenoir, NC 28645

    Sponsored
    For Lease
    $12 SF/Yr ($9,425 /Mo)

    Prime Lenoir retail space, fully vacant, 6.39 acres.

    Lot size:
    9,425 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a fully vacant 9,425 square foot building situated on a substantial 6.39-acre lot in Lenoir, North Carolina. Located at 2120 Morganton Blvd SW, zip code 28645, this property offers significant potential for redevelopment or lease to multiple tenants. The single building, constructed in 1999, is classified as a neighborhood center and is currently entirely vacant, providing a blank canvas for a new business venture or expansion. The flexible space allows for various configurations, accommodating tenants ranging from 1,400 to 8,025 square feet. The expansive lot size provides ample parking and potential for future development or expansion. This property is ideally positioned within the Lenoir market, offering excellent visibility and accessibility. Its location provides convenient access to major roadways and a strong local customer base. The property's size and location make it an attractive investment for businesses seeking a prominent presence in a growing community. This is a rare opportunity to acquire a substantial retail property in a desirable location with significant upside potential. The property is ready for immediate occupancy.

    Property Features for 2120 Morganton Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,425 SF
    Total Rate
    9425

    Building Details

    Year Built
    1999
    Buildings
    1

    Unit(s) available at that property

    Space
    Floor 1, Suite 2
    Size
    1,400 SF
    Rate per SF
    $12
    Space
    Floor 1, Suite 1
    Size
    8,025 SF
    Rate per SF
    $12

    HighLights

    • 9,425 SF vacant retail building on a 6.39‑acre lot in Lenoir, NC (28645).
    • Building constructed in 1999, offering redevelopment or multi‑tenant lease potential.
    • Flexible space divisible into 8,025 SF and 1,400 SF suites, combinable.
    • High‑visibility corner location at Hwy 64 (Morganton Blvd.) and Harper Ave.
    • Strong tenant mix nearby, including Food Lion, Subway, and Dollar General.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jackpot bin store Discount Store Jasmine Chinese Restaurant Dollar General Home Goods Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.5656411
    Latitude
    35.8973045

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    Nearby Similar for Lease

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      Industrial Building with Spray Booth

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      179,760 SF

      Lenoir Warehouse Space Available

      Warehouse space in Lenoir, NC, with new roof.
      840 Complex Pl, Lenoir, NC 28645
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    • Contact for pricing
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      Lenoir Retail Space - 1,325 SF

      Prime Lenoir retail space, strong co-tenancy.
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    • $1,800 /Mo
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      Versatile Church or Retail Space

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      Medical Office Building For Lease

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Lenoir retail space, fully vacant, 6.39 acres.
    Where is this neighborhood center located?
    The property is located at 2120 Morganton Blvd Lenoir, NC.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 9,425 SF vacant retail building on a 6.39-acre lot in Lenoir, NC (28645).; Building constructed in 1999, offering redevelopment or multi-tenant lease potential.; Flexible space divisible into 8,025 SF and 1,400 SF suites, combinable.
    Request Owner's contact information
    2120 Morganton Blvd Lenoir, NC 28645
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    Lenoir, NC 28645
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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
    2120 Morganton Blvd Lenoir, NC 28645
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