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    309 Green St Morganton, NC 28655

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Restaurant Location, Newly Renovated

    Lot size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-story retail or restaurant space at 309 N. Green St., Morganton, NC 28655, is perfectly situated in the heart of the city's vibrant downtown area. Recently renovated in 2023, this single-tenancy property offers a blank canvas for a discerning restaurateur or retailer. The "cold shell" condition provides complete design flexibility, allowing for a fully customized build-out to meet specific business needs. Benefit from the high foot traffic generated by its proximity to popular establishments such as Fonta Flora Brewery and the new Fairfield Inn and Suites. This location within the Central Business District (CBD), as designated by the zoning, ensures maximum visibility and accessibility. The surrounding area boasts a thriving mix of businesses, creating a dynamic and supportive environment for any new venture. This property presents a unique opportunity to establish a successful business in a highly desirable and rapidly developing downtown Morganton location. The address is 309 N Green St, Morganton, NC 28655. This is a single-tenancy property in a high-traffic area. The property is zoned for CBD use.

    Property Features for 309 Green St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,500 SF

    Building Details

    Year Renovated
    2023
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,500 SF
    Rate per SF
    $22

    HighLights

    • End unit with abundant natural light.
    • Available as a warm shell space.
    • Prime downtown location.
    • Adjacent to Fonta Flora Brewery and Fairfield Inn & Suites.
    • High‑growth market with increasing residential and tourism activity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Burke
    State
    North Carolina
    Longitude
    -81.690555638534
    Latitude
    35.747707317432

    Nearby Comparable

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    Nearby Similar for Lease

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      Retail/Office Space in Morganton Station

      Versatile space in a vibrant mixed-use complex with high visibility.
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      Retail Space in Morganton, NC

      Retail space available for lease in Morganton, North Carolina.
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    • $21 SF/Yr
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      5,600 SF restaurant/retail space with tenant improvement allowance.
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      Move-in ready retail spaces on main retail corridor.
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      400 Morganton Heights Blvd

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Location, Newly Renovated
    Where is this restaurant located?
    The property is located at 309 Green St Morganton, NC.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: End unit with abundant natural light.; Available as a warm shell space.; Prime downtown location.
    Request Owner's contact information
    309 Green St Morganton, NC 28655
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    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
    309 Green St Morganton, NC 28655
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