10 Highway 64 Murphy, NC 28906
- Commercial real estate
- 10.47 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 10 Highway 64
- Lot size
- 10.47 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses 10.47 acres of prime commercial real estate situated at the highly visible corner of US Highway 64 and Highway 19S in Murphy, North Carolina. The property benefits from a strategic location at a busy intersection, ensuring high traffic counts and excellent visibility for any business. This translates to significant potential for increased revenue and return on investment. The property's current configuration includes two existing commercial buildings, already generating income streams, providing immediate cash flow. Further enhancing the income potential are four established commercial billboards, also currently producing revenue. The property is serviced by readily available public utilities, including water, sewer, and electric connections, simplifying operational needs and reducing potential development costs. This turnkey commercial property presents a rare chance to acquire a well-established, income-producing asset in a thriving location. The substantial acreage offers significant expansion possibilities, allowing for future development or redevelopment to further capitalize on the property's prime location and high traffic volume. This is an ideal opportunity for investors seeking a stable, income-generating asset with significant upside potential. The combination of existing income streams and the strategic location makes this a truly compelling investment proposition. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Murphy
- County
- Cherokee County
- State
- North Carolina
- Longitude
- -84.0343
- Latitude
- 35.0803
