CommercialPotential Murphy NC Real Estate for Sale
Location: This parcel is located
just off Hiawassee Street, steps away from the main downtown square of Murphy,
North Carolina. Hiawassee Street runs off Interstate 74, a main east/west
interstate through Cherokee County, North Carolina. This property and the improvements
on the property, represent one of the largest buildings in downtown Murphy
which is utilized by the City of Murphy as a community gathering point. The
parcel’s location abutting the Hiawassee River opens up enormous redevelopment
possibilities for this site.
Description of Parcel – Other: This
property is approximately ½ acre in downtown Murphy adjacent to the Hiawassee
River. According to tax assessor’s information, and according to the latest
measurements of the building, the lower level of the building has a total of
9,750 square feet. The main level, which walks out onto the street level, has
an additional 9,395 square feet. The second floor of the building, which upon
redevelopment could feature terraces oriented towards the Hiawassee River, has
a total of 4,239 square feet (measurements from former owner of
building).
The current owner of the building believes that the highest and
best use for this building, due to its size, is to potentially removed the rear
section of the building, salvaging bricks and other associated materials
(wonderful old wooden beams are located throughout the building) and then
concentrate on the main older section of the building which would have three
full levels to redevelop. By removing the rear portion of the building, which
was built at a later date than the historic front side of the building, would
open up more of the site for parking and reduce the cost expenditure of
renovating such a large existing building. With renovation, this multi-level
building could potentially house lower level businesses or a office/retail
place on the lower and main levels (with cutouts in the floors for central wide
hallways between the two levels) and open up the ability to have one, or
potentially two levels above the commercial aspect of the building which could
house beautiful loft style apartments or condominiums (10’-12’ ceilings). These
lefts could be two levels and potentially could have terraces overlooking the
Hiawassee River and affording further views to the north/northwest. This could
be a major redevelopment for the City of Murphy. Additionally, a perfect use
for a portion of the building would be a high caliber restaurant and bar with
wonderful ambience created due to the historic integrity of this building and
property. The restaurant could potentially open on to walking trails to
potentially include a pavilion area near the Hiawassee River. Financing Available.
Murphy is located in the
most western corner of North Carolina. We are approximately two hours from
Chattanooga and Atlanta. If you enjoy the outdoors Murphy has so much to offer.
We have several lakes and rivers for fishing, boating, kayaking or just being
lazy floating down the river in a tube. We are located within 20 minutes of the
Nantahala Gorge going east and 20 minutes from the Ocoee Gorge going west.
There are lots of hiking trails to enjoy Mother Nature. There are also very
nice restaurants here that serve everything from steaks to fresh caught fish. If
you like sporting events we have several establishments in town that show the
all important game on their big screen while you enjoy your favorite beverage
and wings.
Murphy NC Real Estate Sales and Service - Corky Vetten Realtor Exit Realty MVP is one of the leaders
in marketing mountain properties. I specialize in assisting buyers and sellers
invest in Real Estate in Western North Carolina and North Georgia, including
the towns of Murphy, Andrews, Hayesville, Ellijay, Blairsville, Blue Ridge and
the surrounding areas. Contact Corky at 828-361-0358 or email him at corky@exitmurphy.com.
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