2379 Us-70 Morganton, NC 28655
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.