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    OFF-MARKET
    Commercial real estate

    102 Morganton Heights Blvd, Morganton, NC 28655

    18.14 ac lot
    Property ID
    US53-2458771
    Property summary
    AI-generated overview

    This exceptional 18.14-acre commercial land parcel presents a remarkable investment opportunity in the thriving Morganton, North Carolina market. Located at 102 Morganton Heights Boulevard, in Burke County, zip code 28655 (35.7294647, -81.7074077), this property boasts a highly desirable HID zoning designation, permitting both retail and multi-family development. Its strategic adjacency to the bustling Morganton Heights Shopping Center, a Walmart Supercenter-anchored regional power center, ensures significant daily traffic exposure and strong visibility. The property's proximity to downtown Morganton (just 2.5 miles away), a consistently growing area, further enhances its appeal. This prime location benefits from the advantages of being situated within an Opportunity Zone, offering potential tax incentives for qualified investors. The substantial lot size provides ample space for a large-scale development project, catering to the increasing demand for commercial and residential properties in this dynamic market. This is an exceptional chance to capitalize on the growth trajectory of Morganton and create a significant return on investment. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 18.14 ac (790,178 SF)
    UPID US53-2458771
    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
    Current use
    Occupant on record · Public records
    • Mattress Firm Morganton Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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