Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2195/ Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±1.4-acre land parcel located adjacent to 2160 Morganton Blvd SW (the “Property”) in Lenoir, North Carolina. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property consists of a 1.4-acre parcel adjacent to Dollar General & Food Lion near the intersection of US-64 with traffic counts of 16,228 vehicles per day and Harper Avenue with traffic counts of 9,137 vehicles per day. The Property benefits from proximity to a strong commercial corridor with nearby national retailers including Food Lion, Subway, Walmart, Chick-fil-A, Aldi, Tractor Supply, Harbor Freight, McDonald’s, Zaxby, Dollar Tree, Sonic, Ruby Tuesday, Valero, and many more. The Property benefits from highly favorable B-2, General Business zoning that allows for a wide variety of uses including office, personal service, financial, medical, banking, retail, restaurant, mini-warehouse, and many more. Lenoir, North Carolina, located in Caldwell County within the foothills of the Blue Ridge Mountains, has a long-standing industrial history and is transitioning into a well-diversified economy. Once known as a center for furniture manufacturing, Lenoir has attracted significant investment in recent years from tech and data companies, including a major Google data center located 1.5 miles away from the Property. The Property is conveniently located near local economic demand drivers including: Broyhill Furniture Industries (±0.7 miles), Malouf Sleep Products (±0.6 miles), West Caldwell High School (±2.1 miles), County Offices. The town is strategically positioned along U.S. Highway 321, offering convenient access to larger urban centers like Hickory, Charlotte, and Asheville, which expands its appeal for logistics and distribution operations. The Property benefits from strong demographics with a population of 36,433 residents and an average household income of $53,175 within a 5-mile radius.