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Property profile & analytics
OFF-MARKET
Land

2379 Us-70 Morganton, NC 28655

1.27 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.27-acre parcel presents a unique investment opportunity in Morganton, North Carolina. Located adjacent to a Dollar General store on US-70, this property enjoys high visibility and accessibility. The site is conveniently situated near the intersection of US Highway 70 (8,400 vehicles per day) and Dysartsville Road, and just one mile north of I-40 (44,000 vehicles per day), providing excellent exposure to a large volume of traffic. Zoned R-2 residential, the land offers flexibility for various development projects, including single-family homes, manufactured homes, and multi-family dwellings. Morganton, the county seat of Burke County, benefits from its location along Interstate 40, offering easy access to Asheville and Charlotte. The area boasts a strong economy, supported by major employers such as Carolinas HealthCare System Blue Ridge and Western Piedmont Community College, along with a diverse industrial base. Strong demographics further enhance the property's appeal, with a population of approximately 60,116 residents and an average household income of approximately $69,913 within a 10-mile radius. This is an absolute $1 auction with no reserve. Don't miss this chance to acquire a valuable piece of land in a thriving community.

Property profile
Verified
Property type Land
Lot 1.27 ac (55,321 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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