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11 Railroad Street
Murphy, NC 28906
Asking Price
$1.70M
Asset Type
Sports/Entertainment Hospitality
Class
Class B
What's Special
Wedding Venue & Event Center <p>This beautifully restored, chic industrial building is located on the scenic Hiwassee River in the heart of Downtown Murphy. You are welcomed by a custom-made iron gate that leads you to a pristine and expansive courtyard. Inside the double doors is a large, open area offering an upscale urban yet rustic feel, with 14-foot-tall ceilings. Fully equipped commercial-grade kitchen with high-end Wolf appliances, sealed concrete countertops, large pantry, and a closet. Office area with a separate b
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NOI
$80,000
Cap Rate
4.71%
DSCR
0.79
Underwater
Cash-on-Cash
-4.10%
Monthly Payment
$8,410.672
Annual Cash Flow
$-20,928.069
