Whitney Commercial Real Estate: Historic building in the heart of downtown Morganton. Central location on one of the busiest downtown streets with 8;100 cars a day. Currently the first floor of the building is suited for a 3;300 sq. ft. retail store in the front and a 4;700 auto service garage in the rear. The second floor is 8;000 sq. ft. of open space for multiple uses. Morganton is a rapidly growing city with multiple developments in the future. North Carolina School of Math and Science will be opening their second campus a couple miles away from this property in 2021. Automotive part manufacturer; Continental; is investing $40 Million to expand their plant; which brings in 160 new jobs. Research shows Morganton is having a housing shortage and a high demand for downtown living. This building would be a great opening to create condos. The current tenants are on a month-to-month basis. This property has a tremendous amount of potential for an investor or owner/user. Wonderful opportunity to own a historic building in the thriving downtown Morganton!
Location Description:This fantastic building is located in the heart of downtown Morganton. The thriving downtown of Morganton is surrounded by local retail stores and restaurants. The city is rapidly growing with many new developments. Approximately 1 hour and 30 minutes from Charlotte Douglas Airport and 1 hour from downtown Asheville
Directions: On I-40 E take exit 103. Head north on U.S. Hwy 64/Burkemont Avenue for 1.5 miles. Turn right onto West Union Street. Continue onto West Meeting Street. Take right at light onto S. Sterling Street. First building on the right is 202 S. Sterling Street.
- Price: $395,000
- Square Feet: 18,310
- Acres: 0.470
- County: Burke County
- Zoning: CBD
- Price per SqFt: $22
- Price per Acre: $22
- Listed By: Whitney Commercial Real Estate Services