89 Tennessee Street, MURPHY, NC 28906
N/A · Cherokee County
Key Facts
Description
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 Information
Property Type
Commercial Sale
Year Built
1921
Living Area
3,600 sq ft
Lot Size
0.04 acres
Zoning
C-3 General Business
Days on Market
417
MLS® Listing#
152326
Property Features
Exterior
Cooling
Heating
Flooring
Basement
Lot Features
Sewer
Water Source
Financial Details
Parcel Number
459210453520000
Directions
From the intersection of Hwy 64 and Hwy's 19/74 proceed West onto Peachtree Street and into downtown Historic Murphy. Take second exit on roundabout onto Tennesee St (straight over) and the building will be on you left
Affordability Calculator
$141,800
Estimated monthly payment
$3,774/mo
Principal $567,200 · Est. interest $791,294 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in MURPHY, NC
- $373,868
- Median Listing Price
- 97
- Median Days on Market
- 1,538
- Median Sq Ft
- $253
- Median Price / Sq Ft
- 549
- Active Listings
- This home’s price is 90% above the area median.
- Its price per sq ft is 22% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in MURPHY, NC.
Location
Points of Interest in MURPHY, NC
Showing the MURPHY area map.
Nearby Schools
Murphy Elementary School
Elementary · 0.3 mi away
The Learning Center Charter
School · 0.3 mi away
Cherokee County Schools Central Office
School · 1.2 mi away
Murphy High School
Secondary · 1.3 mi away
Murphy Middle School
Secondary · 1.4 mi away
Murphy Adventist Christian School
School · 1.8 mi away
Tri-County Early College High
Secondary School · 4.3 mi away
Martins Creek Elementary School
Elementary · 4.9 mi away
Peachtree Elementary
Elementary · 5.1 mi away
Refugee Missionary Baptist Church
School · 6.7 mi away
The Lighthouse Church and Ministries
School · 8.6 mi away
Marble Elementary School
Elementary · 9.0 mi away
Ranger School
Elementary · 9.8 mi away
Hiwassee Dam High School
Secondary · 10.6 mi away
Carolina Christian Academy
School · 12.5 mi away
Hayesville Middle School
Secondary · 12.8 mi away
Clay County Schools Hayesville, NC
School · 12.9 mi away
Hayesville Elementary School
Elementary · 12.9 mi away
Hayesville Primary School
Elementary · 13.1 mi away
Andrews High School
Secondary · 14.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 127 Lazy Creek Lane, Murphy, NC | $498,800 | 2 | 3 | 2,912 |
| 39 Tennessee Street, Murphy, NC | $499,000 | — | — | — |
| 7521 HWY 294, MURPHY, NC | $499,000 | — | — | 3,000 |
| 55 Heidis Run, MURPHY, NC | $499,000 | 2 | — | 1,472 |
| 210 Pin Oak Ridge, Murphy, NC | $499,000 | 3 | 4 | 2,548 |
| 1701 Andrews Road, Murphy, NC | $499,000 | — | — | — |
