0 Williams Rd Morganton, NC 28655
This exceptional 41.47-acre undeveloped land parcel presents a remarkable investment opportunity in Morganton, North Carolina. Strategically located off Morganton's main corridor and directly accessible from I-40 at exit 103, this property boasts unparalleled visibility and convenient access. The land is zoned HID, permitting up to 20 dwellings per usable acre, making it ideal for multi-family residential development. A roughly 3-acre portion may also be suitable for retail development, given its proximity to established businesses. The property sits behind the recently renovated Magnolia Plaza shopping center, anchored by major retailers such as Rural King, Big Lots, Harbor Freight, KFC, and Taco Bell, and is directly across from Lowe's Home Improvement and Food Lion. This prime location ensures high traffic volume and strong visibility from I-40, further enhanced by multiple access points. Morganton's consistent growth trajectory is amplified by the recent opening of the NC School of Science and Math, promising further development in the area. Water and sewer services are available. The property's APN is 2702059982. This is a rare chance to acquire a large, versatile tract in a thriving North Carolina community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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