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Property profile & analytics
OFF-MARKET
Commercial real estate

1371 Andrews Rd Murphy, NC 28906

27.67 ac lot
Property ID
US53-4711749
Property summary
AI-generated overview

This exceptional 27.67-acre property located at 1371 Andrews Road in Murphy, North Carolina, presents a unique investment opportunity. Zoned Highway Business, this expansive parcel boasts highway frontage on Andrews Road and offers multiple access points, enhancing its suitability for a mixed-use development. The land rises to the ridge, providing numerous potential residential building sites with long-range views while maintaining convenient access to the city. The property is ideally situated in the heart of Murphy's retail district, making it an attractive location for commercial ventures. The asking price is $2,900,000, translating to approximately $104,806.65 per acre. The current owners are open to considering subdividing and grading the land to facilitate development. Furthermore, there is a possibility of acquiring additional adjacent land with highway frontage. This versatile property is perfect for developers seeking a prime location for a multifamily, single-family, or mixed-use project. The Cherokee County location and convenient access to amenities make this a highly desirable investment.

Property profile
Verified
Property type Commercial real estate
Lot 27.67 ac (1,205,305 SF)
UPID US53-4711749
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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