11 Railroad St - R&D FOR SALE


Murphy, NC 28906
$2,200,000 USD
704-654-9064
11 Railroad St, Murphy, NC for Sale
$2,200,000 USD
R&D - FOR SALE
1/13
null | Request Cap Rate

11 Railroad St
Murphy, NC 28906


OVERVIEW

Attractive Price Per SF: $380 per square foot, this property is competitively priced, offering investors an attractive entry point for a property with diverse income-generating possibilities. This investment opportunity combines strategic location, versatility, and growth potential, making it an attractive prospect for seasoned investors or owner-users seeking a valuable and adaptable space. Key Features: Strategic Location: Situated on a spacious lot, this property enjoys a prime location that offers both accessibility and visibility. Versatile Flex Space: The property’s flexible design caters to various users, making it ideal for businesses seeking adaptable spaces for office, showroom, or light manufacturing purposes. R&D Potential: With a designated R&D subtype, the property is well-suited for research and development activities, attracting tenants or businesses in the technology and innovation sectors. Investment or Owner-User Opportunity: This property presents a dual opportunity for investors seeking a solid income-generating asset or an owner-user looking for a strategic location for their own business operations. A brewery would be perfect in this space. Historic Charm: Built in 1940, the property exudes historic charm, offering a unique aesthetic appeal that can be leveraged for branding or marketing purposes. Building Class B: Positioned in the B class category, the property reflects quality construction and design contributing to its long-term value and durability. Potential for Value Appreciation: The property’s location, coupled with its versatile nature and R&D potential, positions it for potential future value appreciation as the surrounding area develops.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

ADD'L SUBTYPES

Garden Center, Showroom, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44

LAND SF

19,166

ZONING

c-3

APN/PARCEL ID

4592-14-34-8758-000

ASK ABOUT THIS PROPERTY

David RitzRE/MAX Mountain PropertiesMore Info
704-654-9064

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David RitzRE/MAX Mountain PropertiesMore Info
704-654-9064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.