804 Burkemont Ave Morganton, NC 28655
For Sale
This exceptional 2.48-acre commercial property in Morganton, North Carolina, presents a unique investment opportunity. Located at 804 Burkemont Avenue, this site boasts unparalleled visibility and accessibility. According to the Department of Transportation, approximately 24,000 vehicles pass this location daily. The property's prime location fronts a four-lane Highway 64, placing it directly across from the North Carolina School for the Deaf and the new North Carolina School of Science and Math. Its proximity to Interstate 40 (less than a quarter-mile away) further enhances its strategic advantage. The land comprises four parcels totaling 2.48 acres and includes four existing rental houses, generating immediate income potential. Furthermore, the property benefits from convenient access to city water, sewer, and natural gas utilities, simplifying development and operational costs. This versatile property offers numerous possibilities for commercial development, making it an attractive investment for discerning buyers seeking high-traffic exposure and established infrastructure. The asking price is $995,000. The zip code is 28655, and the property is situated in Burke County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.