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Property profile & analytics
FOR SALE
Commercial real estate

804 Burkemont Ave Morganton, NC 28655

2.48 ac lot
Property ID
US53-2184887
804 Burkemont Ave, Morganton, NC 28655 For Sale
$995,000
804 Burkemont Ave, Morganton, NC 28655
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 2.48 ac (108,029 SF)
UPID US53-2184887
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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