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About This Home
This land at 340 Lyle Wilson Road in Cullowhee, NC is listed for $1,475,000 (27.24 acres).
Fully entitled tract of development land located just .25 mile from Western Carolina University and 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 require about 30 new professor hires at WCU in the next 18-24 months. Property can be divided into sections to allow for a Phased Development Plan. Seller would consider selling a section with an option on the remaining lands.
Key Features
- 27.24 acre lot
Location
340 Lyle Wilson Road
Cullowhee, NC 28723
Questions & Answers
This 0-bedroom, 0-bathroom land at 340 Lyle Wilson Road is listed at $1,475,000. The estimated monthly payment is $6,392 based on 20% down at 6.5% interest.
Key features include: 27.24 acre lot.
This property is listed by Todd Baucom and can be reached at 8282692014 or todd.baucom@gmail.com.
