905 Carbon City Rd Morganton, NC 28655
- Commercial real estate
- 720 SF
- 1.38 lot acres
Current Use by Public Records
- Campgrounds Coffee Co. / Coffee Shop
- Root 70 Gardens & Antiques / Antique Store
Property Details for 905 Carbon City Rd
- Year built
- 1900
- Lot size
- 1.38 lot acres
- Property size
- 720 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Longitude
- -81.741521
- Latitude
- 35.73183