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Property profile & analytics

117 Un St Morganton, NC 28655-3459

  • Retail space
  • 5,460 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US53-1861502
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Tiffany West Interiors / Furniture Store

Property Details for 117 Un St

Year built
1901
Lot size
0.06 lot acres
Property size
5,460 SF
Zone code
CENTRAL BUSINESS DIST
Property type
Retail space
APN
2954
APU
2954

Description

This exceptional 5,000 square foot restaurant space is ideally situated at 117 East Union Street in Morganton, North Carolina, at the corner of East Union Street and South Green Street. The property boasts a single-tenant occupancy and is currently vacant, presenting a unique opportunity for a high-end establishment. The building is zoned for CBD use and offers convenient access to ample street parking, supplemented by several nearby free parking lots. The location is highly desirable, situated directly across from the historic Morganton Center Square, placing it in the heart of downtown activity. This prime location is further enhanced by its proximity to other bars and entertainment venues, creating a vibrant atmosphere. Within three blocks, you'll find an 80-room hotel, along with numerous VRBO and Airbnb properties, ensuring a steady flow of potential customers. The property is equipped with both electric and natural gas power. For aspiring restaurateurs, low-interest loans and funding options are available through Main Street programs, making this an attractive opportunity for new ventures. The space is envisioned for a restaurant operating lunch and dinner services, with the potential for a late-night bar area, operating five or more days a week.


Value Estimations

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Location Insight

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  • Local Demand
City
Morganton
County
Burke
State
North Carolina
Longitude
-81.6884
Latitude
35.745
CBSA code
25860
CBSA name
HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,058
$33,888
$333,652
$367,540
-
$33,888
$333,652
$367,540
More about this property
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