Property profile

1251 Burkemont Ave Morganton, NC 28655

OFF-MARKET
Retail properties & Spaces
93,553 SF
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Property summary

AI-generated overview

Magnolia Plaza, located at 1251 Burkemont Ave in Morganton, NC (zip code 28655), offers a prime retail opportunity. This multi-tenant commercial property boasts a total of 93,553 square feet, with 11,773 square feet currently vacant. The property is ideally situated and benefits from its proximity to established businesses such as Big Lots, Harbor Freight, and Rural King. Multiple spaces are available, ranging from a minimum of 900 square feet to a maximum contiguous space of 10,235 square feet, providing flexibility for various business needs. The property type is retail, suitable for a wide range of commercial uses, including retail stores, restaurants, and even warehouse space. This presents a unique chance to establish a presence in a thriving Morganton commercial center. The property's location offers excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic and convenient access for customers. The available space is ready for immediate occupancy, providing a quick path to market entry. Contact us today to learn more about this exceptional retail opportunity in Morganton, North Carolina.

Property profile

Verified
Property type Retail properties & Spaces
Total area 93,553 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Coin Cashing Machine
  • Furniture & Home Goods Home Decor Store

Location

1251 Burkemont Ave Morganton, NC 28655
Morganton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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