Former Bank Facility

Investment Overview

Unique opportunity to acquire a ±12,918 SF historic commercial building on ±0.27 acres at a prominent signalized intersection in Downtown Morganton. Originally constructed in 1902 and renovated in 1975, the property features frontage and access along both W. Union Street and S. Sterling Street, seven on-site parking spaces, and three existing drive-thru lanes. The flexible property offers potential for owner occupancy, investment, continued office/commercial use, or adaptive reuse, within an established downtown market with limited new office supply.

Investment Highlights

• Premier Downtown Location – Prominent signalized corner at W. Union Street & S. Sterling Street in the heart of Morganton's Central Business District.
• Unique & Flexible Asset – ±12,918 SF historic commercial building offering potential for owner occupancy, investment, or adaptive reuse.
• Strong Daytime Population – 8,300+ daytime population within 1 mile, including approximately 4,770 workers.
• Established Purchasing Power – $85,844 average household income within 1 mile, with median household income projected to increase from $59,828 in 2026 to $72,737 by 2031.
• Prominent Visibility & Access – Approximately 7,100 VPD along W. Union Street, with signalized access and frontage along both W. Union Street and S. Sterling Street.
• Limited New Office Supply – Burke County has approximately 1.0 million SF of office inventory, with no office space currently under construction, and CoStar reports no new office construction in the submarket over the past decade.