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    OFF-MARKET
    Land

    1164 Piedmont Rd, Morganton, NC 28655

    3.46 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 3.46 ac (150,718 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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