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Lyle Wilson Rd - Elevate Cullowhee sites D1-D6 2.5 - 15 Acre Residential Land Lots Offered at $360,482 - $1,156,263 CAD Per Lot in Cullowhee, NC 28723

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Investment Highlights

1/4 mile from Western Carolina University
Site plan and engineering 90% completed

Zoning and Grading Permits obtained
Opportunity Zone

Executive Summary

Remarks: 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 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 12 units of duplex style homes on 6 building pads. This offering is for pads D1-D6 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 for market/workforce lease.

Elevate Army Corp of Eng Report

Elevate Flood Plain Dev Permit

Elevate Geo Tech Report

Elevate Permit extension

Elevate Electric Service confirmation

Elevate Lyle Wilson Rd TIA report

Elevate Maps General

Property Facts

Price	$360,482 - $4,264,572 CAD	Property Subtype	Residential
Sale Type	Investment or Owner User	Proposed Use	Multifamily Hold For Investment Planned Unit Development Single Family Development
No. Lots	6	Total Lot Size	54.60 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Cullowhee Planning Ord - Property has received a Special Use Permit with an exception allowing for a higher density than the zoning by right would allow.

Price	$360,482 - $4,264,572 CAD
Sale Type	Investment or Owner User
No. Lots	6
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Hold For Investment Planned Unit Development Single Family Development
Total Lot Size	54.60 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Cullowhee Planning Ord - Property has received a Special Use Permit with an exception allowing for a higher density than the zoning by right would allow.