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    FOR SALE
    Commercial real estate

    309 Enola Rd, Morganton, NC 28655

    0.83 ac lot
    Entity Owned 2-yr Hold
    Property ID
    US53-1461568
    Property summary
    AI-generated overview

    This exceptional 0.83-acre commercial land parcel, located at 309 Enola Rd in Morganton, North Carolina (zip code 28655), presents a unique redevelopment opportunity. Previously home to a Chick-fil-A restaurant, this property boasts a prime location at the entrance of a thriving shopping center anchored by a Food Lion grocery store, Bin 5 wine shop, and Peak Performance Fitness, among other businesses. The property is zoned HID and benefits from convenient access to Interstate 40 via Exit 104, experiencing an average daily traffic count exceeding 10,000 vehicles. City sewer and water services are readily available. The asking price is $899,900, translating to a land value of approximately $1,084,216.87 per acre. The property's APN is 2702659992. This high-visibility location, coupled with its existing infrastructure and strong surrounding commercial activity, makes it an attractive investment for a variety of commercial ventures. The site's history as a successful restaurant location suggests strong potential for future development and profitability. This is a rare opportunity to acquire a well-situated commercial lot in a growing area. Don't miss out on this chance to capitalize on the high traffic count and established commercial presence.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.83 ac (36,155 SF)
    APN 2702659992
    UPID US53-1461568
    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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tl Norman Land Company LLC · 2 yrs held
    Tl Norman Land Company LLC
    since 2024
    1 recorded transaction
    2024
    $95,999
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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