0 Sanford Dr Morganton, NC 28655
This exceptional 8.49-acre property presents a rare development opportunity in Morganton, North Carolina. Located within the city's High Intensity District (HID) zoning, this expansive parcel offers unparalleled flexibility for a variety of commercial and residential projects. The site boasts a total square footage of 369,824, currently vacant, and is priced at $1,273,500 ($3.44/sq ft). Its gently sloping terrain and stunning views create an ideal canvas for a multi-family residential complex, retail space, or a mixed-use development combining both. The property's prime location provides easy access to major roads and highways, ensuring convenient access for residents and customers. The APN is 2704143120. This strategic location within Morganton's thriving market positions the property for significant growth and return on investment. The HID zoning allows for a wide range of uses, maximizing the potential for a highly profitable venture. This is a unique chance to capitalize on the growth of this vibrant North Carolina community. The property's address is 0 Sanford Drive, Morganton, NC 28655. The property is zoned HID.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.