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Listed by Todd Baucom Todd Baucom Realty, Inc.
$ 355,000
Est. payment | /mo
8.25 Acres Lot
$ 355,000
Est. payment | /mo
8.25 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Elevate
MLS Listing ID 26042082
HOA Y/N No
Annual Tax Amount $770
Tax Year 770
Lot Size 8.250 Acres
Lot Dimensions 359370
Property Description
Fully entitled tract of development land located just .25 mile from Western Carolina University in a federally designated Opportunity Zone. Ideal development opportunity for duplex/townhome style housing to meet the growing demand and stagnant supply of available homes in the Jackson County area. This parcel is entitled to build 11 units of single family detached style homes on 11 building pads. This offering is for pads S17-S27 on the site plan. A complete package of permits, drawings, plans and studies can be supplied to prospective purchasers. The total project area is entitled for a mix of single family and duplex style with 73 total units. 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 require about 30 new professor hires at WCU in the next 18-24 months. Strong area demand for housing units for sale or market/workforce lease
Location
State NC
Area Cullowhee
Exterior
Utilities Available Sewer Available, Water Available
View Y/N false
Building
Lot Description None
Water TWSA
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://tour.usamls.net/0002-Lyle-Wilson-Road-Cullowhee-NC-28723/unbranded
Nearby Locations
Mary Ellen Small
Broker Associate | License ID: GA-177653 | NC-341457
+1(404) 395-1177 | soldbymaryellen@gmail.com