2425 Hwy Morganton, NC 28655
- Office Properties & Spaces
- 1,200 SF
- 0.99 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2425 Hwy
- Year built
- 1949
- Lot size
- 0.99 lot acres
- Property size
- 1,200 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Longitude
- -81.8405
- Latitude
- 35.6987
