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522 W Fleming Dr 3 Properties Offered at $2,175,000 in Morganton, NC
INVESTMENT HIGHLIGHTS
- 7.6% CAP Rate on current income
- 61 climate-controlled storage units – near 100% occupancy
- Close proximity to Downtown Morganton & I-40
- Diverse tenant mix: retail, office, and self-storage
- Prime visibility on W Fleming Drive
- High-traffic area surrounded by national retailers
EXECUTIVE SUMMARY
Outstanding investment opportunity along one of Morganton’s busiest commercial corridors. 522 W Fleming Drive features street retail, office tenants, and 61 climate controlled self-storage units—a diversified income stream in a prime location. The self-storage units remain consistently full, providing reliable cash flow, while the retail and office tenants benefit from excellent visibility and easy access along W Fleming Drive, just minutes from Downtown Morganton and I-40. Surrounded by top national retailers, this corridor serves as Morganton’s primary retail hub with strong demographics and steady local growth.
PROPERTY FACTS
| Price | $2,175,000 | Number of Properties | 3 |
| Price / SF | $152.23 / SF | Individually For Sale | 0 |
| Cap Rate | 7.60% | Total Building Size | 14,288 SF |
| Sale Type | Investment | Total Land Area | 1.10 AC |
| Status | Active |
| Price | $2,175,000 |
| Price / SF | $152.23 / SF |
| Cap Rate | 7.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,288 SF |
| Total Land Area | 1.10 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 522 W Fleming Dr, Morganton, NC 28655 | Industrial | 6,120 SF | 1977 | - |
| 522 W Fleming Dr, Morganton, NC 28655 | Retail | 4,536 SF | 2020 | - |
| 522 W Fleming Dr, Morganton, NC 28655 | Specialty | 3,632 SF | 2020 | - |
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522 W Fleming Dr
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