0003 Lyle Wilson RD new Save Request In-Person Tour Request Virtual Tour
Cullowhee,NC 28723
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4301242
Lot Size 6.850 Acres
Acres 6.85
Property Sub-Type Acreage
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 16 units of single family detached style homes on 16 building pads. This offering is for pads S1-S16 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. There are other listings within this same project area. List prices range from $265K to $1.475M for the entire 73 unit project area.
Location
State NC
County Jackson
Zoning Fully entitled
Exterior
Street Surface Paved
Building
Sewer County Sewer,Public Sewer
Water County Water,Public
Schools
Elementary Schools Cullowhee Valley
Middle Schools Cullowhee Valley
High Schools Smoky Mountain
Others
Senior Community false
Restrictions No Restrictions
Special Listing Condition None