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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Sanford Dr Morganton, NC 28655

369,824 SF 8.49 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 369,824 SF
Lot 8.49 ac (369,824 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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