Current Use by Public Records
- Land
Property Details for 1527 Union St
- Lot size
- 19.48 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 19.48-acre property, located at 1527 E Union St in Morganton, North Carolina (zip code 28655), presents a rare development opportunity. Situated in the heart of downtown Morganton, this expansive tract boasts 2.72 acres of road frontage, offering excellent visibility and accessibility. The property is zoned EID and benefits from the availability of sewer services, simplifying infrastructure development. This large parcel is uniquely positioned within city limits, providing access to all urban amenities while maintaining the potential for a variety of development projects. The asking price is $837,000, and the sale is structured to accommodate a 1031 exchange, making it an attractive investment opportunity for qualified buyers. Its diverse zoning (Commercial, Industrial, and Residential) allows for flexibility in project planning, catering to a wide range of development possibilities. The property's prime location and substantial size make it an ideal candidate for large-scale commercial, industrial, or residential developments, or a mixed-use project. This is a truly unique opportunity to acquire a significant land holding in a thriving downtown area. The latitude and longitude coordinates are 35.7534778, -81.6570341 respectively. Located in Burke County, this property offers significant potential for substantial return on investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Longitude
- -81.657
- Latitude
- 35.7535
