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Property profile & analytics
OFF-MARKET
Commercial real estate

522 Enola Rd Morganton, NC 28655

Entity Owned 1-yr Hold
Property ID
US53-1976304
Property summary
AI-generated overview

This exceptional 4.43-acre corner lot in Morganton, North Carolina, presents a unique investment opportunity. Located at the intersection of Enola Road and Pete Brittain Road, this property boasts unparalleled visibility, situated within one mile of Highway 40 exit 104. The high-traffic location, directly across from Liberty Middle School, ensures significant daily exposure to thousands of vehicles. The land is comprised of three parcels, offering flexibility for development. Zoning permits a diverse range of uses, including Commercial (C-O), Business (B-2), and Residential (R-1) development. A significant portion is zoned as a Medium Intensity District (MID), allowing for a variety of uses such as civic, institutional, office, and service establishments, along with residential options. The property's level topography simplifies development, making it an ideal site for various projects. The asking price for this strategically located and versatile property is $290,000. This prime location and flexible zoning make this an exceptional opportunity for investors seeking high-visibility commercial or mixed-use development in a thriving community. The address is 522 Enola Rd, Morganton, NC 28655.

Property profile
Verified
Property type Commercial real estate
UPID US53-1976304
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Madcap Adventures LLC · 1 yrs held
Madcap Adventures LLC
since 2024
1 recorded transaction
2024
$290,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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