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Property profile & analytics
OFF-MARKET
Office Spaces

2425 Hwy Morganton, NC 28655

1,200 SF 0.99 ac lot Built 1949
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1949
Total area 1,200 SF
Lot 0.99 ac (43,124 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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