Property summary
This unique Morganton, NC property presents a compelling investment opportunity. Located at 905 Carbon City Rd, this 1.38-acre lot features a 720-square-foot building currently operating as a successful short-term vacation rental with a retail greenhouse and garden. Built in 1900, the property boasts a two-bedroom, one-bathroom residence fully furnished and decorated for immediate rental income. The existing short-term rental enjoys approximately 85% occupancy, generating healthy cash flow. The attached greenhouse has recently been updated with new plastic sheeting and includes a retractable rear panel, offering expansion potential. Further income streams could be developed from an existing RV site with complete hookups (electric, water, sewer). The property also features an attractive rear pond and waterfall area, suitable for hosting small events or parties. The asking price is $320,000. This turnkey operation offers immediate income and significant upside potential in a desirable location between Morganton and Glen-Alpine, conveniently situated on US 70/Carbon City Rd, in Burke County, NC, zip code 28655. The property's combination of established rental income, retail space, and additional development possibilities makes it an exceptional investment.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
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Home Decor Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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