318 Bouchelle St, Morganton, NC 28655-3304
For Sale
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This exceptional commercial property, located at 318 Bouchelle Street in Morganton, NC, presents a unique investment opportunity. Originally St. Stephens Episcopal Church, this charming building underwent a thoughtful renovation in 2021, seamlessly blending its historical character with modern amenities. The 1.1-acre lot offers ample space, and the interior was redesigned for a doughnut shop, but is readily adaptable to various commercial uses. Key improvements completed in 2021 include a new roof and HVAC system. The kitchen is conveniently located downstairs, with provisions made for a future dumbwaiter installation. For food service businesses, the property boasts tankless water heaters, a vented hood, and a grease trap, all installed in 2021, ensuring immediate operational readiness. The spacious main dining area comfortably accommodates numerous patrons, complemented by additional outdoor patio seating. Its prime location behind the Fairfield Inn & Suites and directly across from Morganton's bustling central business district provides exceptional visibility and accessibility. Morganton's vibrant downtown area is known for its thriving blend of historical charm and modern growth, offering a diverse range of shopping, dining, and arts-focused establishments. This property represents a rare chance to own a piece of Morganton's history while capitalizing on the city's continued economic expansion. The asking price is $499,000.
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Hot Shots Espresso Morganton Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
MEDIUM INTENSITY DIST · Morganton, NCMorganton. Always verify with local authorities before improvements.
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.