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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
Storefront Retail/Residential
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

United Community Bank
PNC Bank
First Citizens Bank
Waffle House
Zaxby's

Property Taxes

Property Taxes

Parcel Number
4592-10-45-3520-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$366,119 CAD
  • Listing ID: 40147500

  • Date on Market: 2026-04-14

  • Last Updated:

  • Address: 87 Tennessee St, Murphy, NC 28906

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