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    7521 Highway 294 Murphy, NC 28906

    For Sale
    $499,000

    Commercial - MURPHY, NC

    Property size:
    3,000 SF
    Lot size:
    1.38 Acres
    Days on Market:
    106
    Last Refresh:
    Dec 15 at 3:06 am

    Property Features for 7521 Highway 294

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Interior features
    Restroom-private, Other
    Exterior features
    Lighting
    Size
    3,000 SF
    Lot size
    1.38 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Aluminum
    Architectural style
    Other

    MCNABB PROPERTIES, INC. (828) 837-6611

    Listing agent Lawrence McNabb (828) 837-6611

    Listing date Sep 1, 2025

    MLS# 151965 Listing URL

    Copyright © 2025 Mountain Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hiwassee Dam Commercial Opportunity

    This property, situated in the Hiwassee Dam Community near Hiwassee Dam School, presents a commercial opportunity. The property, with a size of 3000 square feet and a lot size of 1.38 acres, currently houses a full-time mechanic and a newly opening convenience store. It is located in MURPHY, NC, with a postal code of 28906, in Cherokee County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Auto Repair Shop Hotel & Motel Bed & Breakfast Travel Agency Senior Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Phil's Automotive

    Location Insight

    • Map
    • Local Demand
    City
    Murphy
    County
    Cherokee
    State
    North Carolina
    Longitude
    -84.219168
    Latitude
    35.101469

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    FAQs

    What type of property is this?
    Auto shop - Performing asset in the heart of Hiwassee Dam Community.
    Where is this auto shop located?
    The property is located at 7521 Highway 294 Murphy, NC.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Awesome location in the heart of the Hiwassee Dam Community.; - Performing asset with income potential.; - Newly opening convenience store on the property.
    (828) 837-6611
    Request Owner's contact information
    7521 Highway 294 Murphy, NC 28906
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    Murphy, NC 28906
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7521 Highway 294 Murphy, NC 28906
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