Property profile

1619 Morningside Dr Burlington, NC 27217

OFF-MARKET
Neighborhood centers
4,084 SF Built 1945
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail opportunity presents a 4,084 square foot strip center located at 1619 Morningside Dr, Burlington, NC 27217, in Alamance County. Built in 1945, the property sits on a generous 8,241 square foot lot. Currently, there is 1,746 square feet of vacant space available for lease, ideal for a variety of retail uses. The existing tenancy is multi-tenant, indicating a strong potential for synergy and foot traffic. The property's location in Burlington, North Carolina offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a well-established retail presence. The property is being offered for sale, presenting a unique investment opportunity in a thriving market. The substantial vacant space provides a blank canvas for a new tenant to customize and establish their business. This is a chance to acquire a well-situated retail property with significant potential for growth and return on investment. The property's history and established location provide a solid foundation for future success. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed property information and financial documents are available upon request.

Property profile

Verified
Property type Neighborhood centers
Year built 1945
Total area 4,084 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1619 Morningside Dr Burlington, NC 27217
Burlington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1619 Morningside Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message