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    129 King St Murphy, NC 28906

    For Sale
    $2,500,000

    Rare commercial property with high-traffic location in Murphy, North Carolina.

    Lot size:
    1.66 Acres

    Property Features for 129 King St

    General Information

    Lot size
    1.66 Acres

    Source: Century 21 Black Bear Realty Agent Brett McKeon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Opportunity in Murphy

    This commercial property is located within the city limits of Murphy, North Carolina, and offers investment potential. The location benefits from high traffic, with neighbors including McDonald's, Subway, a gas station, and a car wash. The property features an existing commercial building suitable for a turnkey business or office space, as well as a fixer-upper home that could be used for rental income or resale. Two billboards on the property are leased to Allison Signs, generating monthly income. A storage facility is suited for storing RVs, boats, or vehicles. The acreage is flat and usable, which is uncommon in the Murphy market. City water and sewer are available, running along the backside of the property. The property is bordered by TVA and Forest Service land to the rear, near the Hiwassee River. A private paved road winds through the property and connects back to Hiwassee St. The location benefits from traffic counts averaging 18,000-21,000 vehicles per day. It is located approximately half a mile from Historic Downtown Murphy, with boutique shops and fine dining, and is also minutes from the Cherokee Valley River Casino. This property is suitable for expanding a business, developing rental units, or investing in a commercial zone.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murphy
    County
    Cherokee
    State
    North Carolina
    Longitude
    -84.0325692
    Latitude
    35.0794207

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    FAQs

    What type of property is this?
    Specialty property - Rare commercial property with high-traffic location in Murphy, North Carolina.
    Where is this specialty property located?
    The property is located at 129 King St Murphy, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - High-traffic location with 18,000-21,000 vehicles per day, surrounded by established businesses.; - Existing commercial building suitable for immediate use as a business or office.; - Flat, usable acreage, a rare find in the Murphy market.
    (706) 896-8633
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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
    129 King St Murphy, NC 28906
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