Prime Redevelopment opportunity in Andrews, North Carolina. Offered is the West End Plaza, a Shopping Mall at the entrance to Andrews on Main Street consisting of two Red Iron Metal Buildings and a freestanding restaurant sitting on 9.56 acres running alongside the Valley River. The adjacent vacant property is also for sale (See Main and Whitaker offering) and could be turned into a prime building location for badly needed housing and new retail opportunities - giving a total of 30.32 acres plus additional acreage may be available which could bring a total of 55.38 acres of totally flat mountain land with both city water and city sewer immediately available.
Andrews boasts 24 new start-up companies and operations in the last 12/18 months and recent growth in the area and economic bowl of the six surrounding counties has given need for more housing, with this property and the adjacent property offering the most economically viable opportunity.
Andrews has long been described as the Gateway to the The Great Smoky Mountains National Park which sees approximately 14,000,000 unique visitors coming each year, many of which pass through the Cherokee County valley on their way there. Cherokee County also has the Harrah’s Valley River Casino, (10 minute drive) which is currently undergoing a $275MM expansion where it will double in size (currently employs over 1000 people) Other key employers in the area include Snap On Tools, Freedom Industries, Moog, IOI, Core Scientific (just rebranded from Bitcoin to AI) and Erlanger Medical.
* Some of the units and the freestanding restaurant are occupied and are all up to date on their rents, however this is an ASSET SALE ONLY and while a rent role can be provided, the property is NOT being sold based on a CAP Rate and there are recent in-town comps to back this up. *
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