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Mixed-Use Restaurant with Loft
For Sale
$709,000

89 Tennessee Street, Murphy, NC 28906

Commercial Sale, Murphy, NC

Property Size3,600 SF
Lot Size0.04 Acres
Price / SF$196.94
Days on Market71

Property Features for 89 Tennessee Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C-3 General Business
Lot features Level
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
Standard status Active
APN 459210453520000
Size 3,600 SF
Lot size 0.04 Acres

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1921
Flooring type Hardwood, Wood
Listing Agency: Nantahala Real Estate
Listed By: Bradley Bruce · License #303970
Added: Aug 19 Changed: Oct 26 Last Checked: Oct 28 at 9:06AM
MLS# 98543952

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

At 89 Tennessee Street, this 3,600-square-foot mixed-use property combines a restaurant with an upstairs loft apartment. The residence includes two bedrooms, two bathrooms, and an office or bonus area, along with hardwood floors, granite countertops, custom cabinetry, oversized windows, and 10-foot ceilings. A private entrance serves the apartment. The building dates to 1921 and has electric heating, central air, public water, and public sewer.

The property occupies a 0.04-acre site in Murphy, North Carolina, and is zoned C-3 General Business. The restaurant and residential components are located within the same building.

Key Highlights

  • 3,600‑square‑foot mixed‑use building with restaurant and loft apartment
  • Upper residence has 2 bedrooms, 2 bathrooms, and office/bonus space
  • 10‑foot ceilings, oversized windows, hardwood floors, granite countertops, and custom cabinetry

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Conventional restaurants

Suggested Use

Top Pick Food Market Law Firm Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

521
Businesses Nearby

Demographics for 28906, NC

19,896
Population
12,992
Households
1.5
Avg Household Size
55
Median Age
24%
College-Educated
92%
High-School Grad
333.4 sq mi
ZIP Area
60
Density / Sq Mi
$52,669
Median Household Income
$34,257
Median Earnings
$872
Median Rent
$219,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The upper-level residence offers two bedrooms, two bathrooms, and a separate private entrance.
Where is this mixed-use property located?
The property is located at 89 Tennessee Street Murphy, NC.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: 3,600‑square‑foot mixed‑use building with restaurant and loft apartment; Upper residence has 2 bedrooms, 2 bathrooms, and office/bonus space; 10‑foot ceilings, oversized windows, hardwood floors, granite countertops, and custom cabinetry
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