Property Highlights
- Strategic Positioning – The property benefits from being located in River Village, a medical office/retail shopping center, helping draw customers and traffic to the property
- Excellent Upkeep – The center has benefited from excellent maintenance and management from current ownership, limiting new investors exposure to capital repairs
- Proximity to Downtown Morganton – Located just 1.5 miles from the heart of Morganton, the largest city in Burke County and the county seat
- Zoned – High Intensity District (HID) – Offers next owner flexibility to reposition or redevelop the space for their use or for a new tenant
- Growing Retail Trade Area – Walmart Neighborhood Market, Wendy’s and The Human Bean, all located within a mile from the property, have been built in the last 5 years
- Flexibility – Currently, two tenants occupy the space, but there are no formal leases in place; giving new owner the opportunity to use the space how they wish
- High-Income Trade Area – Average household income of over $88,000 within a 1-mile radius | Positive growth rate within a 1, 3, and 5 mile radius
- Robust Traffic Counts – N Green St (20,500 VPD) | Sanford Dr (10,500 VPD) | Carbon City Rd (18,000 VPD)