Bost Rd Morganton, NC 28655
- Land
- 138.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Bost Rd
- Lot size
- 138.00 lot acres
- Property type
- Land
Description
Exceptional 138-acre development opportunity in Morganton, North Carolina. This Burke County property, APN 1795406840, is zoned R-3, allowing for a mix of commercial and residential uses. Located on Bost Rd, zip code 28655, the land boasts convenient access to city water and sewer hookups along the adjacent Kela Dr. Burke County zoning permits the construction of up to 186 single-family structures (including duplexes), with a minimum lot size of 0.58 acres. However, development is subject to watershed regulations (WS-IV, PA), limiting development to a maximum of 24-36% of the total acreage. This translates to approximately 32.4 acres (1,411,344 square feet) for roads, structures, and driveways. Even with this restriction, construction of 186 duplexes, each unit at 950 square feet, would utilize only approximately 353,400 square feet of the allowable developed area. This presents a significant opportunity for a high-density residential development, while adhering to environmental regulations. The property's prime location and development potential make it an attractive investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Longitude
- -81.7102
- Latitude
- 35.7762
