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826 N Green St 1 - 80 Acre Commercial Land Lots Offered at $200,000 - $6,750,000 Per Lot in Morganton, NC 28655

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Investment Highlights

  • Land can be broken up for multiple uses. Retail, multifamily, flex, townhomes, etc.
  • Can be subdivided into as small as 5 acres.
  • New 8" city sewer discharge pipe being installed across the back of the property.

Executive Summary

Positioned at the forefront of Morganton’s next wave of expansion, this ±130-acre tract offers a rare opportunity to acquire a strategically located development site with direct access to Greene Street and Bost Road. The total parcel spans 166 acres, with approximately 35 acres designated as a natural buffer, enhancing privacy and long-term value.
The property features dual zoning advantages: HID zoning along Greene Street supports retail and outparcel development, while the LID zoning across the remainder of the site is ideal for multifamily, townhome, and mixed-use residential projects. With partial grading and clearing already completed, developers can accelerate timelines and reduce upfront costs.
Bordering the scenic Catawba River, the site includes flood zone acreage that is undevelopable but perfectly suited for greenway integration, recreational trails, and community open space—adding lifestyle appeal to adjacent residential uses. The City of Morganton is actively investing in infrastructure, including the installation of a new 8-inch sewer discharge line to serve this side of town, reinforcing the area’s readiness for large-scale development.
This tract combines natural beauty, zoning flexibility, and municipal support, making it a standout opportunity for visionary developers seeking scale and strategic positioning in one of Morganton’s most promising corridors.

Data Room Click Here to Access

Property Facts

Price $200,000 - $9,825,000
Sale Type Investment
No. Lots 9
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Open Space
  • Planned Unit Development
Total Lot Size 123.00 AC
Zoning HID/LID - Includes HID zoning approximately 815ft deep into the site parallel to N Greene Street. The remainder of the parcel is LID. Zoning Ordinance attached

9 Lots Available

Lot

Price $6,750,000
Price Per AC $84,375.00
Lot Size 80.00 AC

Land for sale. Former Quaker Meadows Golf Course. Numerous portions have been cleared already. Deep HID zoning along Greene Street. Remaining portion along Bost Rd. is LID. Site plan previous laid out for multifamily, retail and townhome sections.

Lot 1

Price $200,000
Price Per AC $80,000.00
Lot Size 2.50 AC

Outparcel lot within the larger parcel

Lot 2

Price $200,000
Price Per AC $80,000.00
Lot Size 2.50 AC

Outparcel lot within the larger parcel

Lot 3

Price $200,000
Price Per AC $100,000.00
Lot Size 2.00 AC

Outparcel lot within the larger parcel

Lot 4

Price $200,000
Price Per AC $200,000.00
Lot Size 1.00 AC

Green Street Road Frontage outparcel

Lot 5

Price $200,000
Price Per AC $200,000.00
Lot Size 1.00 AC

Green Street Road Frontage outparcel

Lot 6

Price $200,000
Price Per AC $200,000.00
Lot Size 1.00 AC

Green Street Road Frontage outparcel

Lot 7

Price $775,000
Price Per AC $59,615.38
Lot Size 13.00 AC

Outparcel along Bost Road for possible industrial site or residential/townhome type development.

Lot 8

Price $1,100,000
Price Per AC $55,000.00
Lot Size 20.00 AC

Outparcel with frontage along Bost Road suitable for all developments including possible multifamily.

Description

Quaker Meadows Golf Course. 130 acres of prime location for development. Total parcel is 166 acres but ~35 acres will be carved out for a buffer. Sits in prime area for the city of Morganton next development push. HID zoning up front along Greene St for retail and outparcels. LID zoning in remainder of property and along Bost Rd. Remainder of the property ideal for multifamily and townhomes. Partially graded and cleared. Property borders Catawba river. The river portion does sit in undevelopable flood zone so will offer great greenway spaces for adjacent zoning. The city is currently installing an 8 inch sewer line discharge to serve this side of town and future development. It runs along the backside of the property being offered. The whole parcel, horse farm and house behind it can be included for the right price.

  • Listing ID: 30839611

  • Date on Market: 2/1/2024

  • Last Updated:

  • Address: 826 N Green St, Morganton, NC 28655

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