2425 Hwy Morganton, NC 28655
This 1,200 sq ft commercial property in Morganton, NC, sits on a 0.99-acre lot at the corner of Hwy 70 and Dysartsville Rd, offering excellent road frontage on both sides. Currently configured as a boat storage and repair shop, with a roofing company leasing the front building (lease transfer required). The property includes a four-bay garage and a fenced area, both currently available for lease, presenting opportunities for additional income streams. Several storage sheds and a carport are also included. The front building features recent updates, including a new heat pump installed within the last few years. This versatile property is ideal for a variety of businesses, benefiting from its high visibility and convenient location. The seller may consider owner financing with a substantial down payment. The property's diverse features, including the existing lease, ample storage, and prominent location, make it a compelling investment opportunity. The combination of existing income and potential for further rental income makes this a strong contender for investors seeking a solid return.
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.