1689 Old Murphy Rd - Hospitality FOR SALE


Franklin, NC 28734
$1,199,990 USD
828-316-9201
1689 Old Murphy Rd, Franklin, NC for Sale
$1,199,990 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

1689 Old Murphy Rd
Franklin, NC 28734


OVERVIEW

1888 Mountain Estate with Cottages: Family Compound and currently generating Income. It offers a way of living shaped by hospitality, connection, and timeless character. The main residence has five bedrooms and six baths, with original heart pine, red oak, and yellow poplar floors. Beadboard and tin ceilings, handcrafted woodwork, and multiple fireplaces speak of another era while providing modern comfort. Generous gathering spaces make entertaining easy, yet the layout preserves privacy. Two cottages and a one-bedroom apartment above the garage add flexibility. In total, there are nine bedrooms and nine baths across nearly five unrestricted acres—a rare find this close to town. Perfect for family, guests, or income through rentals or continued use as a bed and breakfast. Mature landscaping and open green spaces invite gardening, outdoor dining, or intimate events. Despite its private feel, the property is just minutes from Franklin's restaurants, shopping, blends small-town charm with waterfalls, hiking trails, and nearby mountain towns like Highlands and Asheville. Just over two hours from Atlanta and 90 minutes from Asheville Regional Airport, this estate offers an incredible opportunity.

FOR SALE DETAILS

PRICE

$1,199,990 USD

PRICE/SF

$97 USD /SF

# OF ROOMS

4

PRICE/ROOM

$299,998 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McTernan Manor

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1888

PARKING SPACES

4

LAND DETAILS

LAND ACRES

4.87 AC

LAND SF

212,137 SF

ZONING

R

APN/PARCEL ID

6584254926

ASK ABOUT THIS PROPERTY

Susan BibleLegacy Properties by Renee, LLMore Info
828-316-9201

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Susan BibleLegacy Properties by Renee, LLMore Info
828-316-9201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.