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Value-Add / Redevelopment Opportunity 301 Avery Ave 9,100 SF 100% Leased Retail Building Morganton, NC 28655 $500,000 ($54.95/SF)
INVESTMENT HIGHLIGHTS
- ±0.74-acre site in close proximity to Downtown Morganton
- Ideal for redevelopment or adaptive reuse - Potential retail, office, service, or mixed-use uses (subject to zoning)
- Located in a growing market with continued downtown investment
- Existing ±9,100 SF building with value-add potential
- Strong access to surrounding neighborhoods and commercial corridors
- Suitable for investors, developers, or owner-users
EXECUTIVE SUMMARY
301 Avery Avenue is a ±0.74-acre property located just minutes from downtown Morganton, NC, offering a prime value-add or redevelopment opportunity. The site includes an existing ±9,100 SF building that can be renovated, re-tenanted, or repositioned, while also supporting potential retail, office, service, or mixeduse redevelopment, subject to zoning and approvals.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,100 SF
Building Class
C
Year Built
1971
Price
$500,000
Price Per SF
$54.95
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.74 AC
Zoning
MEDIUM INT - Medium Inensity
Parking
36 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
380’ on Evans Street
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32213 | Improvements Assessment | $365,078 |
| Land Assessment | $174,479 | Total Assessment | $539,557 |
PROPERTY TAXES
Parcel Number
32213
Land Assessment
$174,479
Improvements Assessment
$365,078
Total Assessment
$539,557
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Value-Add / Redevelopment Opportunity | 301 Avery Ave
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