300 Lyle Wilson Road - Commercial LAND FOR SALE


Cullowhee, NC 28723 1,186,574 SF
$1,475,000 USD
828-269-2014
300 Lyle Wilson Road, Cullowhee, NC for Sale
$1,475,000 USD
Commercial LAND - FOR SALE
1/13
1,186,574 SF

300 Lyle Wilson Road
Cullowhee, NC 28723


HIGHLIGHTS

  • Location is just off major Hwy for ease of access to the University or nearby Sylva, NC for shopping, dining, medical facilities, etc.
  • Close proximity to both the Smoky Mountain National Park and the Blue Ridge Parkway.
  • Opportunity Zone

OVERVIEW

Fully entitled tract of development land located just .25 mile from Western Carolina University and Cullowhee Valley School. In a Federally Designated Opportunity Zone. Ideal development opportunity for single family and duplex style housing to meet the growing demand and stagnant supply of available homes in the Jackson County area. This parcel is entitled to build 73 total units in a mix of single family detached and duplex style houses. A complete package of permits, drawings, plans and studies can be supplied to prospective purchasers. The grunt work has been completed and this is ready to go vertical, saving significant time and money. Jackson County caused a housing study in 2019. The result of the study revealed that over 2000 housing units should be constructed in Jackson County between 2020 and 2025. The volume of new construction since 2020 is no where close to that 2000 unit need. New $80M Engineering program expansion will requirie about 30 new professor hires at WCU in the next 18-24 months. This will be a huge demand on an already under supplied housing inventory for the area. The timing of acquiring and developing this tract could be quite incredible.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/ACRE

$54,148/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Elevate Cullowhee

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Planned Unit Development, Single Family Development

LAND ACRES

27.24 AC

LAND SF

1,186,574 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Telephone

ZONING

SFR/SFR-MH

APN/PARCEL ID

7558-28-2984,7558-18-8604 &

ASK ABOUT THIS PROPERTY

Todd BaucomTodd Baucom Realty, IncMore Info
828-269-2014

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Todd BaucomTodd Baucom Realty, IncMore Info
828-269-2014

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