518 Fleming DrMorganton, NC 28655

  • Theaters & concert halls
  • 7,780 SF
For Lease

Property Details for 518 Fleming Dr

Year built
1976
Construction
WOOD FRAME
Lot size
2.05 AC
Property size (Sq ft)
7,780 SF
Zone code
HIGH INTENSITY DIST
Property type
Theaters & concert halls
APN
32274
APU
32274

Description

This exceptional retail property, located at 518-520 W. Fleming Dr in Morganton, NC, offers 25,200 square feet of new construction space. The property features a mix of unit sizes, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 25,200 square feet, allowing for flexibility in tenant needs. Currently, 37,800 square feet is available for lease. This development is situated on a main retail corridor, boasting excellent visibility and accessibility, enhanced by its own signalized intersection. The strategic location provides close proximity to numerous national retailers, capitalizing on existing commercial activity. The property's adjacency to the new North Carolina School of Science and Math, sharing a designated traffic light, ensures high traffic volume and exposure to a significant population. This development is part of a growing area experiencing substantial residential and commercial growth, making it an ideal location for businesses seeking to establish or expand their presence in a thriving market. The property is located in Burke County, NC, zip code 28655. This is a rare opportunity to secure space in a brand-new, high-traffic retail center in a rapidly developing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,080,736
    Hospitality
    $1,905,943
    Educational
    $1,585,722
    Medical
    $1,640,258
    Retail
    $2,466,679
518 Fleming Dr, Morganton, North Carolina

Location Insight

City
Morganton
County
Burke
State
North Carolina
Latitude
35.7342
Longitude
-81.6878
CBSA code
25860
CBSA name
HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,668
$307,500
$169,005
$476,505
-
$307,500
$169,005
$476,505

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