315 Burke Dr Morganton, NC 28655
- Manufacturing properties
- 7,920 SF
- 2.99 lot acres
Current Use by Public Records
- PDQ Workholding / General Contractor
Property Details for 315 Burke Dr
- Year built
- 1964
- Construction
- WOOD FRAME
- Lot size
- 2.99 lot acres
- Property size
- 7,920 SF
- Zone code
- EXCLUSIVE INDUSTRIAL DIST
- Property type
- Manufacturing properties
- APN
- 31861
- APU
- 31861
Description
This exceptional single-tenant property at 315 Burke Dr, Morganton, NC 28655, offers a versatile 12,888 square foot space ideal for a variety of businesses. The building boasts a strategic blend of office and warehouse areas, perfectly suited for companies needing both administrative and storage capabilities. The warehouse component encompasses 8,919 square feet, providing ample room for inventory, equipment, or production. Complementing this substantial warehouse space is a well-appointed 4,224 square foot office area. This office space includes twelve individual offices, two conference rooms, and four bathrooms, ensuring comfortable and efficient operations. The property's location in the heart of Morganton offers excellent accessibility and visibility, making it an attractive option for businesses seeking a central location. This property is a single-tenant building, providing a streamlined and efficient operational environment. The property is classified as Retail, Office, and Industrial, reflecting its adaptability to diverse business needs. A floor plan is available upon request. This is a rare opportunity to secure a well-designed and strategically located property in a thriving North Carolina market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $425,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $440,000
- Mixed-Use
- $455,000
- Hospitality
- $390,000
- Educational
- $390,000
- Residential Income
- $420,000
- Energy
- $345,000
- Income-Based Land
- $380,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Longitude
- -81.6634
- Latitude
- 35.7488
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA