1142 Us-64 Murphy, NC 28906
Located in Murphy, NC, at 1142 US-64, this exceptional commercial property offers a diverse range of leasing opportunities. The Sunrise Plaza shopping center boasts a prime location on Hwy 64 W, enjoying high visibility and traffic counts exceeding 40,000 vehicles daily. This Class B property, built in 2009 and renovated in 2022, comprises two single-story buildings totaling 14,520 square feet across ten suites. Currently, 2,730 square feet are vacant, with spaces ranging from 1,365 to 4,095 contiguous square feet, and a minimum leasable area of 13,650 square feet. The property sits on 1.06 acres and includes 45 parking spaces. Its strategic location near Harrah's Cherokee Casino, the Cherokee Chamber of Commerce, and Walmart ensures high foot traffic and excellent exposure. The property is under new management, with planned improvements encompassing parking lot resurfacing, HVAC system upgrades, landscaping enhancements, and increased curb appeal. This makes it an ideal location for a variety of businesses, including retail, restaurants, and various office uses. Many existing tenants have enjoyed long-term success at this location, highlighting its desirability and potential for growth. The property's versatility and prime location make it a highly sought-after commercial opportunity in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.