324 Sanford Dr Morganton, NC 28655
For Sale
1 / 7
This exceptional retail property, situated at 324 Sanford Drive in Morganton, NC, presents a unique investment opportunity. The 0.51-acre lot boasts a highly visible corner location at a busy intersection, guaranteeing maximum exposure and foot traffic. A 2022 traffic count revealed impressive daily traffic volumes: 11,500 vehicles on N Green east of Sanford, 21,500 on N Green west of Sanford, 12,500 on north Sanford, and 10,500 on south Sanford. This strategic positioning ensures significant potential for any retail business. The property is zoned HID with an RD-O overlay, providing flexibility for a wide range of commercial uses. All essential utilities are readily available, including city power, water, sewer, and gas. The property's high visibility, substantial traffic flow, and versatile zoning make it an ideal investment for discerning buyers seeking a strong return. This is a rare opportunity to acquire a prime retail location in a thriving area. The property's location and zoning offer significant potential for future growth and profitability. Don't miss this chance to secure a valuable asset in a high-demand market.
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
HIGH 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.