87 Tennessee St - Storefront Retail/Residential FOR SALE


Murphy, NC 28906
$709,000 USD
941-539-6555
87 Tennessee St, Murphy, NC for Sale
$709,000 USD
Storefront Retail/Residential - FOR SALE
1/39
null | 9% Cap Rate

87 Tennessee St
Murphy, NC 28906


OVERVIEW

Own a Profitable Downtown Murphy, NC Restaurant + Income-Producing Luxury Loft. Step into a rare turn-key commercial investment opportunity in downtown Murphy, North Carolina, featuring the iconic Red Brick Deli, a well-established and profitable restaurant in the heart of the Western NC mountains. Located on bustling Tennessee Street, this high-visibility, walkable location is surrounded by popular boutiques, breweries, and thriving small businesses making it a prime destination for both locals and tourists exploring the Appalachian Mountains. This income-producing commercial property offers more than just a successful restaurant, it delivers a complete live/work or investment lifestyle opportunity. The Red Brick Deli is a recognized local favorite with a strong reputation, loyal customer base, and consistent foot traffic. Fully operational and equipped, this is a true turn-key restaurant business ready for immediate ownership. Above the commercial space, you’ll find a stunning upscale loft-style apartment, ideal for an owner-operator, executive rental, or short-term rental/Airbnb income stream in Murphy’s growing tourism market. Luxury Apartment Features Include: 10-foot ceilings and oversized windows with abundant natural light, Hardwood floors, granite countertops, and custom cabinetry, 2 bedrooms, 2 bathrooms, plus office/bonus space, Private entrance for added exclusivity and privacy. This unique mixed-use property combines commercial income, residential luxury, and prime downtown real estate a rare find in Cherokee County. Whether you're an investor seeking multiple income streams, an entrepreneur looking for a profitable business opportunity, or a buyer wanting a mountain lifestyle with built-in income, this property checks every box. Don’t miss your chance to own a landmark business and premium downtown property in Murphy, NC.

FOR SALE DETAILS

PRICE

$709,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,790 SF

ZONING

C-3 General Business

APN/PARCEL ID

4592-10-45-3520-000

ASK ABOUT THIS PROPERTY

Brad BruceAdventure Realty Group/FIV RealtyMore Info
941-539-6555

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Brad BruceAdventure Realty Group/FIV RealtyMore Info
941-539-6555

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