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500 W Main St

7,816 SF Specialty Building Offered at $700,000 at a 6.20% Cap Rate in Morganton, NC 28655

Self Storage Facilities North Carolina Morganton 500 W Main St, Morganton, NC 28655

Investment Highlights

  • Strong Average Household Income of $77,292 Within Five Miles of the Property
  • The Hickory-Lenoir-Morganton MSA is the 9th Largest in the State of North Carolina and is Home to 370,030 Residents
  • Morganton is Located ~55 Miles Northwest of Charlotte and is the County Seat of Burke County, Which is Home to 88,704 Residents

Executive Summary

Cash Flowing Self Storage Facility Comprised of 500 NRSF of Climate-Control Units, 5,800 NRSF of Non-Climate Units, and 1,516 NRSF of Commercial Space.

Attachments

Glen Alpine Storage OM - Morganton, NC - FS - compressed

Property Facts Under Contract

Price $700,000 Building Class C
Price Per SF $90 Lot Size 1.10 AC
Sale Type Investment Building Size 7,816 SF
Cap Rate 6.20% No. Stories 1
Property Type Specialty Year Built 1992
Property Subtype Self-Storage Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $700,000
Price Per SF $90
Sale Type Investment
Cap Rate 6.20%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 1.10 AC
Building Size 7,816 SF
No. Stories 1
Year Built 1992
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Number 23948 Improvements Assessment $348,897
Land Assessment $74,276 Total Assessment $423,173

PROPERTY TAXES

Parcel Number
23948
Land Assessment
$74,276
Improvements Assessment
$348,897
Total Assessment
$423,173

zoning

Zoning Code G-B (General BU)
G-B (General BU)
(239) 293-3844

Contacts

  • Listing ID: 33362174

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 500 W Main St, Morganton, NC 28655

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500 W Main St
(239) 293-3844 x

500 W Main St

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Frank DeSalvo

(239) 293-3844

(239) 293-3844

Joseph Lombardo

(585) 781-4195

(585) 781-4195

David Perlleshi

(914) 365-0752

(914) 365-0752

Darron Kattan

(813) 345-5887

(813) 345-5887

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