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Property profile & analytics
FOR SALE
Car washes

324 Sanford Dr Morganton, NC 28655

2,630 SF 0.51 ac lot Built 1987
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US53-4038890
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1987
Construction STEEL FRAME
Total area 2,630 SF
Lot 0.51 ac (22,216 SF)
Zoning code HIGH INTENSITY DIST
APN 42251
UPID US53-4038890
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wash Guys Of Morganton INC · 9 yrs held
Wash Guys Of Morganton INC
since 2017
4 recorded transactions
2017
$750,000
2017
Price N/A
2017
Price N/A
2016
$975,000
Zoning & alternative use
HIGH INTENSITY DIST · Morganton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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