Unique investment opportunity with both residential and commercial potential! Located on Old Morganton Road in Lenoir, this property features an existing single-family structure situated on a highly visible parcel. The existing residence is currently uninhabitable and is being sold AS-IS. Property is also being marketed as Commercial, offering an opportunity for buyers and investors to explore a variety of potential uses. Buyer and buyer’s agent are responsible for verifying zoning, permitted uses, acreage, utilities, condition of the structure, and any requirements or approvals necessary for buyer’s intended use with the appropriate governing authorities. Property is also listed under Commercial Sale see MLS #4395962.
Single-familyProperty Type
1975Year Built
0.97 acresLot Size
$255Price/Sq.Ft.
Listed by Melissa Bousselot• Nestlewood Realty LLC
Median sale price in this area is $294,035. (16% lower than this home)
PRICE DROP
0 price drops
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Central heating
Central air conditioning
Fireplace
Basement with garage door and dirt floor
No built-in appliances listed
Bedrooms
Three bedrooms (all on the main level)
Bathrooms
One full bathroom (on the main level)
Kitchen
No kitchen appliances specified
Laundry & utility
No laundry hookups/features specified
Heating & cooling
Central heating
Central air
Exterior features
Approximately 0.97-acre lot
Publicly maintained paved road access
Some areas noted as having no road surface (mixed: None / Paved)
Home design
Single-family residence
Site-built construction
One level
Parking
Driveway access
Main level garage: No
Construction
Vinyl exterior
Basement foundation
Year built not specified
Utilities
City water
No sewer specified
HOA & community
No HOA
Other
Zoned H-B (Highway Business) with signage and use restrictions; intended for offices, personal services, and retail with parking and landscaping requirements
Electricity and solar
View estimated energy costs and solar savings for this home
Exceptional commercial opportunity on highly visible Old Morganton Road in Lenoir! This property offers valuable commercial-zoned land with excellent road frontage and easy access to major thoroughfares. The existing home on the property is not considered livable and is being sold as-is, with the primary value in the land and its commercial development potential. Ideal for investors, developers, business owners, or those seeking a prime location for future commercial use. The level lot provides flexibility for a variety of potential commercial applications, subject to zoning and municipal approvals. Utilities are available, and the property's strategic location offers strong visibility and accessibility in a growing area of Caldwell County. Bring your vision and take advantage of this rare opportunity to acquire commercial land in an established corridor with excellent potential for redevelopment.
Public Records
Nov 15, 2011
Sold
$60,000
$44/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$899 (−21.2%)
$24,700 + $123,000
$147,700
2025
$1,140 (+126.2%)
$24,700 + $123,000
$147,700
2024
$504 (+5.3%)
$24,700 + $39,300
$64,000
2023
$479
$24,700 + $39,300
$64,000
2022
$479
$24,700 + $39,300
$64,000
2021
$479 (−3.2%)
$24,700 + $39,300
$64,000
2020
$494
$24,700 + $39,300
$64,000
2019
$494
$24,700 + $41,500
$66,200
2018
$494
$24,700 + $41,500
$66,200
2017
$494 (+0.5%)
$24,700 + $41,500
$66,200
2016
$492 (+4.2%)
$24,700 + $41,500
$66,200
2015
$472
$24,700 + $41,500
$66,200
2014
$472
$24,700 + $41,500
$66,200
Public record
Beds
3
Baths
1
Stories
1
Lot width
212 ft.
Lot depth
245 ft.
Lot size
1.19 Acres
Year renovated
1975
Finished Sq. Ft.
1,370
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,370
Year built
1957
Style
Single Family Residential
County
Caldwell County
APN
06242 1 22
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 28, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lenoir, NC • 28645
Average low and high temperatures (°F)
47
27
55
33
69
41
75
50
76
55
86
64
88
69
80
65
79
61
72
49
63
42
51
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Lenoir. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2939 Old Morganton Rd
$348,916
$1,084 under list price of $350K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $185K to $340K.