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Property profile & analytics
OFF-MARKET
Land

0 Sundown Rd Morganton, NC 28655

42 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 42-acre industrial land parcel presents a compelling investment opportunity in Morganton, North Carolina. Located on Sundown Road in Burke County, this property boasts an attractive asking price of $1,659,000, translating to $15,000 per acre. The land is zoned for industrial use, offering significant flexibility for development. Its substantial size allows for potential subdivision, catering to various project scales and needs. The property's prime location provides excellent access to key infrastructure, making it an ideal site for a wide range of industrial applications. The parcel is identified by APN 1772032102 and is held under corporate ownership. This is a designated Opportunity Zone, presenting additional tax advantages for qualified investors. The property's strategic location and zoning, coupled with its size and potential for subdivision, make it a highly desirable asset for developers and investors seeking a foothold in the thriving Morganton industrial market. The zip code is 28655. Detailed site plans and further information are available upon request.

Property profile
Verified
Property type Land
Lot 42 ac (1,829,520 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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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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