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Property profile & analytics
OFF-MARKET
Land

0 Williams Rd Morganton, NC 28655

41.47 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 41.47 ac (1,806,433 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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