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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1142 Us-64 Murphy, NC 28906

14,520 SF 1.06 ac lot Built 2009
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2009
Total area 14,520 SF
Lot 1.06 ac (46,174 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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