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2006 S Sterling St 6,957 SF Retail Building Morganton, NC 28655 $1,349,000 ($193.91/SF)
Executive Summary
7000 SF Restaurant on 2.84 Acres less than one mile from I-40. Prime location in Morgantons main commercial corridor. Direct frontage on S. Sterling St with multiple entrances and high volume parking. Regional and destination accessibility on the I-40 corridor, high traffic counts on S. Sterling St. Brick building and metal standing seam roof in excellent condition for age. Interior is ready for a restaurant or change of use. this property offers a strong investment or owner user value. Priced below tax value with the option to sell off or redevelop .24 acre corner lot. Strong long term lease option available for qualified tenant as well. NO KITCHEN EQUIPMENT CURRENTLY IN SPACE. HOODS AND FIRE SUPPRESSION AS WELL AS WALK IN COOLERS INCLUDED AND FUNCTIONING.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,957 SF
Building Class
B
Year Built
2000
Price
$1,349,000
Price Per SF
$193.91
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.80 AC
Opportunity Zone
Yes
Zoning
GB HID - General business
Parking
120 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
285’ on South Sterling Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7164 | Improvements Assessment | $808,288 |
| Land Assessment | $752,560 | Total Assessment | $1,560,848 |
Property Taxes
Parcel Number
7164
Land Assessment
$752,560
Improvements Assessment
$808,288
Total Assessment
$1,560,848
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2006 S Sterling St
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