Commercial/Residential Land SALE 41.47 Acres of Residential Land Offered at $995,000 in Morganton, NC 28655
INVESTMENT HIGHLIGHTS
- Zoned for residential development with Water and Sewer
- Multiple access points including from the main retail corridor
- In close proximity to the new NC School of Science and Math
- Under HID zoning - up to 20 dwellings per usable acre
- Surrounded by national and local retail businesses
EXECUTIVE SUMMARY
Large undeveloped tract off of Morganton's main corridor and entrance from I-40 at exit 103. Perfect for multi-family/residential with an approximate 3-acre portion possibly suited for retail. Situated perfectly behind the newly revamped Magnolia Plaza shopping center that includes a vast tenant mix, including Rural King, Big Lots, Harbor Freight, KFC, Taco Bell, and more. It is also across the street from Lowe's Home Improvement and Food Lion. With visibility from I-40 and multiple access points, this makes an ideal site for many development possibilities. Morganton has seen continuous growth and with the new NC School of Science and Math opening their campus in Fall 2022, more developments should follow.
PROPERTY FACTS Under Contract
1 LOT AVAILABLE
Lot
| Price | $995,000 |
| Price Per AC | $23,993.25 |
| Lot Size | 41.47 AC |
Flat and Sloping large tract for residential and retail development
PROPERTY TAXES
| Parcel Number | 42386 | Improvements Assessment | $0 |
| Land Assessment | $360,930 | Total Assessment | $360,930 |
