$709,000
( $196.94Per Sq Foot )
 $3,806 est/mo Sourced by Back At You

89 Tennessee Street,Murphy, NC 28906

Murphy, NC 28906

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Description

Own a Profitable Downtown Murphy, NC Restaurant + Income-Producing Luxury Loft. Step into a rare turn-key commercial investment opportunity in downtown Murphy, North Carolina, featuring the iconic Red Brick Deli, a well-established and profitable restaurant in the heart of the Western NC mountains. Located on bustling Tennessee Street, this high-visibility, walkable location is surrounded by popular boutiques, breweries, and thriving small businesses making it a prime destination for both locals and tourists exploring the Appalachian Mountains. This income-producing commercial property offers more than just a successful restaurant, it delivers a complete live/work or investment lifestyle opportunity. The Red Brick Deli is a recognized local favorite with a strong reputation, loyal customer base, and consistent foot traffic. Fully operational and equipped, this is a true turn-key restaurant business ready for immediate ownership. Above the commercial space, you'll find a stunning upscale loft-style apartment, ideal for an owner-operator, executive rental, or short-term rental/Airbnb income stream in Murphy's growing tourism market. Luxury Apartment Features Include: 10-foot ceilings and oversized windows with abundant natural light, Hardwood floors, granite countertops, and custom cabinetry, 2 bedrooms, 2 bathrooms, plus office/bonus space, Private entrance for added exclusivity and privacy. This unique mixed-use property combines commercial income, residential luxury, and prime downtown real estate a rare find in Cherokee County. Whether you're an investor seeking multiple income streams, an entrepreneur looking for a profitable business opportunity, or a buyer wanting a mountain lifestyle with built-in income, this property checks every box. Don't miss your chance to own a landmark business and premium downtown property in Murphy, NC.

Details

MLS #98543952
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1921
Days On Site85
Listing Provided ByFiv Realty Co | Bradley Bruce

Features

SQ Feet3,600
ZoningC-3 General Business
Acreage0.04

Interior

Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air

Exterior

RoofOther
Foundation DetailsCrawl Space
Lot FeaturesLevel
Construction MaterialsBrick/Stone

Parking

Attached Garage Yes / NoNo
Garage Yes / NoNo

Utilities

UtilitiesCable High Speed

Area Information

StateNC
CountyCherokee
CityMurphy
Zip Code28906
Listing VS Median (in 28906)
Price:
$709,000
low | high
Med:
$349,900
100% of Average
sqft:
3,600
low | high
Med:
1,456
100% of Average
$ / sqft:
$197
low | high
Med:
$240
27.977804987678% of Average
On site:
85
low | high
Med:
18
100% of Average
Sourced by Back At You

Market Activity 28906

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Learn More About This Property

StateNC
CountyCherokee
CityMurphy
Zip Code28906
Listing VS Median (in 28906)
Price:
$709,000
low | high
Med:
$349,900
100% of Average
sqft:
3,600
low | high
Med:
1,456
100% of Average
$ / sqft:
$197
low | high
Med:
$240
27.977804987678% of Average
On site:
85
low | high
Med:
18
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $531K - $886K
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
71 Tennessee Street Property Photo 1
$410,000
71 Tennessee Street
Murphy, NC 28906
89 Tennessee Street Property Photo 1
$709,000
89 Tennessee Street
Murphy, NC 28906
71 Tennessee Street Property Photo 1
$410,000
71 Tennessee Street
Murphy, NC 28906
Listing Updated: August 21, 2026 at 1:20:42 AM PDT