309 Enola Rd, Morganton, NC 28655
For Sale
1 / 15
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.