Former Bank Facility

For Sale

101 W. Union Street, Morganton, NC 28655

This Morganton property for sale is located at 101 W. Union Street. The general use of Former Bank Facility is office and it incorporates 12,918 square feet of class B office space. The current listed sale price for Former Bank Facility is $1,200,000. Former Bank Facility is situated on a lot that is 0.27 acre in size.

Contacts

James Milner, CCIM

Appalachian Commercial Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 12,918 SF
  • Lot Size 0.27 Acre
  • Parking Spaces Avail. 7
  • Building Class B
  • Year Built 1902
  • Year Renovated 1975
  • Date Updated Sep 30, 2026
Prominently positioned at the signalized intersection of W. Union Street and S. Sterling Street in the heart of Downtown Morganton, the property occupies a highly visible corner within the city's Central Business District. The location offers direct access from both streets and benefits from proximity to government offices, financial and professional services, restaurants, retail, and other downtown amenities. The surrounding market includes 8,300+ daytime population within one mile, including approximately 4,770 workers, reinforcing Downtown Morganton's role as a regional employment and activity center.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.
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Highlights

  • 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.
  • 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.
  • Premier Downtown Location Prominent signalized corner at W. Union Street & S. Sterling Street in the heart of Morganton's Central Business District.
  • 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.
  • Strong Daytime Population 8,300+ daytime population within 1 mile, including approximately 4,770 workers.
  • Subject to a leaseback of a portion of the premises, terms of which are to be determined.
  • Unique & Flexible Asset ±12,918 SF historic commercial building offering potential for owner occupancy, investment, or adaptive reuse.

Attachments

Getting around

  • 75/100

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  • 48/100

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Location

  • City Morganton, NC
  • Zip Code 28655

Points of Interest

  • Exxon

    0.20 miles

  • GATE Gas Station

    1.30 miles

  • Speedway

    1.38 miles

  • Murphy USA

    1.38 miles

  • Ingles

    1.69 miles

  • Walmart

    1.72 miles

  • Citgo

    1.74 miles

  • Raceway

    2.00 miles

  • Motor Pool

    1.55 miles

  • Fairfield Inn & Suites Morganton Historic Downtown

    0.26 miles

  • SureStay Hotel by Best Western

    1.77 miles

  • Comfort Inn & Suites

    2.25 miles

  • Hampton Inn

    2.37 miles

  • Quality Inn

    2.58 miles

  • Sleep inn

    2.63 miles

  • Plaza Inn

    2.66 miles

  • Buzze's Creamery & General Store

    0.40 miles

  • Roses

    0.64 miles

  • Laos Lanxang Asian Grocery Store

    0.73 miles

  • ALDI

    0.86 miles

  • Belk

    1.44 miles

  • Walmart Supercenter

    1.57 miles

  • Ingles

    1.61 miles

  • TJ Maxx

    1.62 miles

  • Ross

    1.64 miles

  • Walmart Neighborhood Market

    1.74 miles

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