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87 Tennessee St 3,600 SF 75% Leased Retail Building Murphy, NC 28906 $971,330 CAD ($269.81 CAD/SF) 9% Cap Rate



Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1921/2007
Price
$971,330 CAD
Price Per SF
$269.81 CAD
Cap Rate
9%
NOI
$87,420 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.01
Lot Size
0.04 AC
Zoning
C-3 General Business - Multi-Use - There is a residential component upstairs
Frontage
30’ on Tennessee Street
Amenities
- Property Manager on Site
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4592-10-45-3520-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $366,119 CAD |
Property Taxes
Parcel Number
4592-10-45-3520-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$366,119 CAD
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Presented by
Adventure Realty Group/FIV Realty
87 Tennessee St
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