518 Fleming Dr, Morganton, NC 28655-3924
This exceptional retail property, located at 518-520 W. Fleming Dr in Morganton, NC, offers 25,200 square feet of new construction space. The property features a mix of unit sizes, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 25,200 square feet, allowing for flexibility in tenant needs. Currently, 37,800 square feet is available for lease. This development is situated on a main retail corridor, boasting excellent visibility and accessibility, enhanced by its own signalized intersection. The strategic location provides close proximity to numerous national retailers, capitalizing on existing commercial activity. The property's adjacency to the new North Carolina School of Science and Math, sharing a designated traffic light, ensures high traffic volume and exposure to a significant population. This development is part of a growing area experiencing substantial residential and commercial growth, making it an ideal location for businesses seeking to establish or expand their presence in a thriving market. The property is located in Burke County, NC, zip code 28655. This is a rare opportunity to secure space in a brand-new, high-traffic retail center in a rapidly developing area.
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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.