Morganton, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Morganton, North Carolina Market population: 17K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Morganton NC Properties: 0.6900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Morganton NC
Common questions from investors exploring commercial real estate in Morganton NC.
What's the overall investment potential of Morganton, NC, considering its demographics and economy?
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Morganton's median household income of $38,458 and poverty rate of 22.1% suggest a working-class market, while its 86.2% health insurance coverage indicates a level of employment stability, making it a viable option for investors looking for a balance between affordability and reliability. The city's diverse economy, with top industries in manufacturing, healthcare, and retail trade, also contributes to its investment potential. Additionally, the foreign-born rate of 14.1% and top ethnicities of White, Black or African American, and Hispanic or Latino, point to a culturally diverse community.
How does the city's commute time and transportation infrastructure impact its attractiveness to renters and investors?
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The average commute time of 22.4 minutes in Morganton is relatively short, and with 85.2% of residents driving alone to work, the city's infrastructure seems to support convenient transportation. This, combined with a health insurance coverage rate of 86.2%, suggests a stable workforce that can reliably pay rent, making the city appealing to investors. The top commute methods also indicate a preference for personal vehicles, which could influence the types of properties that are in demand.
What are the implications of Morganton's poverty rate and health insurance coverage for tenant quality and investment stability?
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The 22.1% poverty rate in Morganton, although relatively high, is somewhat mitigated by the 86.2% health insurance coverage, which implies that many residents have access to employment benefits. This combination suggests a working-class demographic with some level of employment stability, which can contribute to a more reliable rental income stream for investors. Furthermore, the median age of 41.4 and median earnings of $29,419 provide additional insight into the potential tenant base.
How does the ethnic diversity and industry mix in Morganton influence market demand for different types of properties?
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The ethnic diversity in Morganton, with a mix of White, Black or African American, and Hispanic or Latino populations, can drive demand for various types of housing that cater to different cultural preferences. The city's industry mix, led by manufacturing, healthcare, and retail trade, also suggests a need for housing that supports these sectors, potentially including workforce housing or properties near major employment centers. This diversity can present opportunities for investors to tailor their properties to specific demographic needs.
What role do property values, taxes, and homeownership rates play in assessing the investment environment in Morganton?
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Morganton's median property value of $143,400 and median property taxes of $1,233 offer a relatively affordable entry point for investors, while the 58.2% homeownership rate indicates a sizable rental market. Considering the city's poverty rate of 22.1% and the gini coefficient of 0.473, which measures income inequality, investors should be aware of the potential for varied housing needs and income levels among tenants. The average commute time of 22.4 minutes and health insurance coverage rate of 86.2% further support the viability of the rental market, suggesting that tenants have stable incomes to pay rent.
Morganton NC Real Estate & City Facts
Key facts and real estate information about Morganton NC.
What are some of the best neighborhoods to live in Morganton?
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Some of the best neighborhoods to live in Morganton include Vinearden, Historic Downtown Morganton, and other areas with a strong sense of community. Vinearden is a peaceful, mature neighborhood with a serene atmosphere, while Historic Downtown Morganton is known for its lively atmosphere and historic charm.
What are some fun things to do in Morganton?
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Morganton offers a variety of fun things to do, including scenic hiking trails, wineries, breweries, and other activities. Some popular attractions include Silver Fork Winery, Fonta Flora Brewery, and Apple Hill Orchard & Cider Mill. You can also visit Fonta Flora County Park, which offers a range of outdoor activities and stunning views.
What is the food scene like in Morganton?
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The food scene in Morganton is diverse and vibrant, with a range of unique, local restaurants to try. Some popular options include Root & Vine, Majors Super and Social, Reptile Cantina, and The Madness Sushi. There are also plenty of great food trucks and cafes to explore, such as The Grind Cafe and Limbertwig Cafe.
What are the pros and cons of living in Morganton?
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The pros of living in Morganton include its strong sense of community, scenic natural beauty, and range of outdoor activities. However, some cons include a relatively low median household income and a poverty rate of 22.1%. Additionally, the city's economy is heavily reliant on manufacturing and healthcare, which can be a challenge for some residents. Overall, Morganton is a great place to live for those who value a close-knit community and easy access to nature.
Is Morganton a good place to live?
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Morganton is a great place to live for those who value a strong sense of community, scenic natural beauty, and a range of outdoor activities. While it may have some challenges, such as a relatively low median household income and a poverty rate of 22.1%, the city's unique character and charm make it a wonderful place to call home. With its vibrant downtown area, historic neighborhoods, and stunning natural surroundings, Morganton is definitely worth considering for anyone looking to relocate to a small town in North Carolina.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Morganton NC Commercial Property: $38,458
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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