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    OFF-MARKET
    Commercial real estate

    216 Clubhouse Ct, Murphy, NC 28906

    177 ac lot Built 1969
    Property ID
    Property summary
    AI-generated overview

    This exceptional 177-acre commercial property presents a unique development opportunity in Murphy, North Carolina. Situated less than five miles from the vibrant downtown area, this location offers unparalleled convenience and accessibility. The property boasts a substantial existing clubhouse, perfect for repurposing or integration into a new development. Recreational amenities include a swimming pool and tennis courts, adding significant value and potential for various uses. The land itself is the former site of a golf course, providing expansive, beautifully landscaped grounds with breathtaking views. Its proximity to key attractions such as Tri County Community College, the renowned John C. Campbell Folk School, and Harrah's River Valley Casino ensures high visibility and potential for attracting a diverse clientele. The substantial acreage allows for a wide range of development possibilities, from residential to commercial ventures, potentially including hospitality, retail, or mixed-use projects. This is a rare chance to acquire a significant parcel of land in a rapidly growing area with established infrastructure and strong tourism appeal. The existing clubhouse and recreational facilities offer immediate potential for revenue generation or redevelopment. Serious inquiries are encouraged to explore the full potential of this remarkable property. Detailed site plans and further information are available upon request. The asking price is $2,800,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1969
    Lot 177 ac (7,710,120 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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