000 Lyle Wilson Road, Cullowhee NC 28723

$1,500,000
Est. $5,004/mo
Beds
Baths
SqFt

Fully entitled tract of development land located just .25 mile from Western Carolina University and Cullowhee Valley School. 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.

Listed by:
Todd Baucom, Todd Baucom Realty, Inc.
Source: Carolina Smokies Association of Realtors

Property Overview

Added Neighborhood
4 months ago
Type Status Lot Size
Land Active 27.24 acres
County Built MLS#
Jackson 26035807

Commute Time


Additional Details

Legal
Property
Utilities
Community

Payment Estimator

Total Monthly Payment
$4,313
Monthly Interest
$146
% Down
% Principal
% Interest
$1,500,000.0
20% ($300,000)
3.5%
000 Lyle Wilson Road
000 Lyle Wilson Road

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