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24729601
26849827

89 Tennessee St, Murphy, NC 28906 For Sale

BB
NC 303970
Adventure Realty
Listed by Adventure Realty
$709,000
368 days on market
Updated 94 days ago

Red Brick Deli

Details
Property Type Business for Sale, Mixed Use (+1)
Sub Type Restaurant
Square Footage 3,600
Net Rentable (SqFt) 3,600
Units 2
Cap Rate 10.58%
NOI $75,000
Occupancy 100%
Tenancy Multi
Price per SqFt $197
Class A
Year Built 1921
Year Renovated 2012
Buildings 1
Stories 2
Acreage 0.040
Zoning Mixed
Investment Type Owner/User
Ownership Self
Sale Condition For sale by owner

Best Deli/Restaurant in Cherokee County. Executive 2/2 apartment upstairs

Marketing description

Discover the chance to own one of Western North Carolina’s most beloved Delis, situated in the heart of downtown Murphy. This turn-key, well-established lunchtime hotspot is a local favorite and a magnet for tourists, boasting a loyal customer base and a prime location within walking distance of thriving businesses. Fully operational and profitable, this opportunity comes complete with a first-class, loft-style apartment featuring 10-foot ceilings, hardwood flooring, large windows, granite surfaces, custom cabinetry, and a blend of timeless architectural charm and contemporary finishes. The executive apartment offers two bedrooms, two baths, an office/bonus room, and a grand private entrance—perfect for luxurious living or as a lucrative rental for additional income. Don’t miss this rare blend of business success and upscale living in vibrant Murphy! SELLER IS VERY MOTIVATED!!!

Listing Contacts

BB
NC 303970
Adventure Realty
Listed by Adventure Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$75,000.00
$6,250.00/mo

Valuation Metrics

0
DSCR
10.58%
Cap Rate
10.58%
ROI

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Additional Information

Name
Brad Bruce
License
NC 303970
Brokerage
Adventure Realty Group
Brokerage Phone
828-516-1017
Title
Broker of Record
Brokerage Address
20 Hickory Street, Murphy NC
Name
Brad Bruce
License
303970
Brokerage
Re/MAX Mountain Properties
Brokerage Phone
9415396555
Title
Broker
Brokerage Address
133 Peachtree Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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