1164 Piedmont Rd, Morganton, NC 28655
This exceptional 3.46-acre commercial land parcel presents a prime retail development opportunity in Morganton, North Carolina. Strategically located on the highly visible corner of US-64 and Piedmont Road, this property boasts unparalleled exposure to a substantial daily traffic volume. The lot is flat and partially cleared, simplifying development, and all necessary utilities are readily available on-site. Zoned N-B, the property is well-suited for a diverse range of retail uses. Its location within minutes of downtown Morganton offers easy access to a robust customer base, encompassing both residential and commercial areas. The property's proximity to major highways ensures convenient access for both local and regional customers, maximizing its potential for success. This is an exceptional opportunity to capitalize on a high-traffic location and build a thriving retail business. The property's APN is 2705311603. The asking price is $360,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.