1371 Andrews Rd Murphy, NC 28906
- Commercial real estate
- 27.67 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1371 Andrews Rd
- Lot size
- 27.67 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Murphy
- County
- Cherokee
- State
- North Carolina
- Longitude
- -84.013625
- Latitude
- 35.108005
