Property profile

400 Henredon Rd Morganton, NC 28655

OFF-MARKET
Power centers
19,150 SF
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Property summary

AI-generated overview

Morganton Heights, located at 400 Henredon Rd, Morganton, NC 28655, presents a significant retail opportunity in Burke County. This power center offers 19,150 square feet of commercial space, currently featuring 15,950 square feet of vacant space available for lease. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 5,800 square feet. This allows for flexibility in tenant size and business needs. The property's location in Morganton provides excellent visibility and accessibility for customers. The address is strategically situated to benefit from high traffic volume and strong local demographics. Seven individual spaces are currently available, providing a unique opportunity for businesses seeking a prominent location within a thriving commercial area. Interested parties are encouraged to inquire about lease terms and availability for these versatile retail spaces. The property's size and layout make it suitable for a variety of retail uses, offering a chance to establish a strong presence in the Morganton market. This is an exceptional opportunity to secure prime retail space in a desirable location.

Property profile

Verified
Property type Power centers
Total area 19,150 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Construction Company

Location

400 Henredon Rd Morganton, NC 28655
Morganton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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