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    OFF-MARKET
    Commercial real estate

    905 Carbon City Rd, Morganton, NC 28655

    720 SF 1.38 ac lot Built 1900
    Property ID
    US53-1892522
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 720 SF
    Lot 1.38 ac (60,113 SF)
    UPID US53-1892522
    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
    Current use
    Occupant on record · Public records
    • Campgrounds Coffee Co. Cafe & Coffee Shop
    • Root 70 Gardens & Antiques Home Decor Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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