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11 Railroad St

5,796 SF Flex Building Murphy, NC 28906 $3,118,434 CAD ($538 CAD/SF)

Executive Summary

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.

Property Facts

Price $3,118,434 CAD
Price Per SF $538 CAD
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
R&D
  • General Retail Garden Centre
  • Showroom
  • OfficeLoft Creative Space
Building Class B
Lot Size 0.44 AC
Rentable Building Area 5,796 SF
No. Stories 1
Year Built 1940
Tenancy Single

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4592-14-34-8758-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$502,148 CAD

zoning

Zoning Code c-3
c-3
  • Listing ID: 29866956

  • Date on Market: 2023-10-24

  • Last Updated:

  • Address: 11 Railroad St, Murphy, NC 28906

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