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Property profile & analytics
FOR SALE
Commercial real estate

1261 Burkemont Ave Morganton, NC 28655

Individually Owned 5-yr Hold
Property ID
US53-1053186
Property summary
AI-generated overview

This ±1.07-acre commercial land parcel presents a prime retail development opportunity in Morganton, North Carolina. Situated on Burkemont Avenue, this site boasts excellent visibility and accessibility within the city's busiest retail corridor, enjoying approximately 24,244 vehicles per day. The property offers approximately 120 feet of frontage, providing ample space for development. This location benefits from shared full access with Big Lots, ensuring high traffic flow and exposure. The site is ideally suited for a variety of uses, including but not limited to car washes, quick-service restaurants (QSRs), banks, automotive businesses, and medical facilities. The surrounding area features a robust mix of established retailers, including Lowe's, Food Lion, Harbor Freight Tools, Rural King, Chick-fil-A, Dunkin', Taco Bell, Bojangles, Cookout, and KFC, creating a strong retail environment. The property is available for ground lease, build-to-suit arrangements, or outright sale. Contact for pricing details. APN: 1792956856. Address: 1261 Burkemont Ave, Morganton, NC 28655.

Property profile
Verified
Property type Commercial real estate
APN 1792956856
UPID US53-1053186
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cleatis Cory Headen · 5 yrs held
Cleatis Cory Headen
since 2021
1 recorded transaction
2021
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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