0002 Lyle Wilson Road, Cullowhee NC 28723

$355,000
Est. $1,184/mo
Beds
Baths
SqFt

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

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

Property Overview

Added Neighborhood
11 days ago Elevate
Type Status Lot Size
Land Active 8.25 acres
County Built MLS#
Jackson 26042082

Commute Time


Additional Details

Legal
Property
Utilities
Community

Payment Estimator

Total Monthly Payment
$1,021
Monthly Interest
$35
% Down
% Principal
% Interest
$355,000.0
20% ($71,000)
3.5%
0002 Lyle Wilson Road
0002 Lyle Wilson Road

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