2120 Morganton Blvd SW Lenoir, NC 28645
Property profile & analytics
2120 Morganton Blvd SW Lenoir, NC 28645
- Grocery and convenience stores
- 40,321 SF
- 6.41 lot acres
Property ID
US53-1324596
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.
Location Intelligence
Current Use by Public Records
- Jackpot bin store / Discount Store
- Jasmine / Restaurant
- Dollar General / Home Decor Store / Department Store
Property Details for 2120 Morganton Blvd SW
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.41 lot acres
- Property size
- 40,321 SF
- Property type
- Grocery and convenience stores
- APN
- 06 97 1 1
- APU
- 69711
Description
This exceptional retail opportunity presents a fully vacant 9,425 square foot building situated on a substantial 6.39-acre lot in Lenoir, North Carolina. Located at 2120 Morganton Blvd SW, zip code 28645, this property offers significant potential for redevelopment or lease to multiple tenants. The single building, constructed in 1999, is classified as a neighborhood center and is currently entirely vacant, providing a blank canvas for a new business venture or expansion. The flexible space allows for various configurations, accommodating tenants ranging from 1,400 to 8,025 square feet. The expansive lot size provides ample parking and potential for future development or expansion. This property is ideally positioned within the Lenoir market, offering excellent visibility and accessibility. Its location provides convenient access to major roadways and a strong local customer base. The property's size and location make it an attractive investment for businesses seeking a prominent presence in a growing community. This is a rare opportunity to acquire a substantial retail property in a desirable location with significant upside potential. The property is ready for immediate occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,760,000
- 6.5%
- $6,240,000
- 7%
- $5,795,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,660,000
Market price range: $948k - $4.79M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $5,760,000
- OFFICE BUILDING
- $4,180,000
- COMMERCIAL (GENERAL)
- $3,480,000
- RESTAURANT
- $3,345,000
- AUTO REPAIR, GARAGE
- $3,320,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lenoir
- County
- Caldwell
- State
- North Carolina
- Longitude
- -81.5655
- Latitude
- 35.897
- 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
0
$0.00
$578,800
$3,165,700
$3,744,500
-
$578,800
$3,165,700
$3,744,500
