$2,899,000
Pending

1307 E Union Street

Morganton, NC 28655
Browse 4 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Morganton Investment Opportunity. 71+-acres near downtown Morganton now available. Zoning allows for multiple possibilities including residential development, multi-family homes, or commercial development. Currently a historic 2-story, 6BR/2BA farm house sits on E. Union Street. A store front also sits on E. Union Street. Originally H.D. Leonhardt Store, circa 1910, it was one of the only general stores providing goods from western Burke County to Hickory, and was highly successful due to its goods and convenient location. A 3BR/1BA cottage sits behind the store front. The distinguished old property was formally the Leonhardt Estate on Leonhardt Hill, and includes the store building, a smokehouse, well house, hen house/barn, mother-in-law cottage and the prominent farm home, which features a generous wrap-around porch, large kitchen, sitting room, grand dining room, living room, second story balcony, second story living area, in addition to the 6 bedrooms and 2 baths.

  • Property Details
      • Lot FeaturesCreek Front, Level, Paved, Private, Creek/Stream, Wooded
      • Lot DescriptionCreek Front, Level, Paved, Private, Creek/Stream, Wooded
      • ViewLong Range
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • Utility SourceCity
  • Community and Neighborhood Details
      • Middle SchoolWalter Johnson
      • Elementary SchoolHillcrest
      • High SchoolFreedom
      • CountyBurke
      • ZoningMID
  • Financial Details
      • Original List Price$2,899,000
      • Days on Market (Cumulative)161
  • Other
      • MLS #4151645

Location

FAB Real Estate Services LLCReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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