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1227-1255 Burkemont Ave
Morganton, NC 28655
Magnolia Plaza · Retail Property For Sale
Investment Highlights
- The asset is centrally located between Charlotte, Asheville, and Greenville, NC, right along Burkemont Ave/US Hwy 64 with 21.5K VPD.
- Morganton serves as a large trade area for rural communities beyond the 1,3 and 5 mile radii.
- t's close to major economic drivers like Western Piedmont Community College (7,000+ students), Broughton Hospital (382 beds), and Murphy’s Farm Apartm
- Over 80% of the center’s traffic comes from over 5 miles away.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
103,778 SF
Building Class
B
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
16.78 AC
Zoning
HID - High Intensity District
Parking
504 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 43940 | Improvements Assessment | $7,225,901 |
| Land Assessment | $1,096,800 | Total Assessment | $8,322,701 |
Property Taxes
Parcel Number
43940
Land Assessment
$1,096,800
Improvements Assessment
$7,225,901
Total Assessment
$8,322,701
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