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Property profile & analytics
OFF-MARKET
Land

0 Bost Rd Morganton, NC 28655

138 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 138 ac (6,011,280 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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