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FOR SALE OR TRADE: 73 Acres in Mountains of Western NC, 300+ unit planned Community.


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Price: $5,500,000.00
Address: Cullowhee, NC
City: Cullowhee
State: North Carolina
Neighborhood:
Beds:
Baths:
Year Built: Garage Size:
Square Feet:
Lot Size: 73

Will swap for: Aircraft||Everything Else||Land||Multifamily or Commercial||Residential||Transportation

open to all reasonable cash offers, consider partial owner financing. Will take vacation property, aircraft (TBM, Meridian, Jetprop, Barron, others) Marsh Harbor Bahamas house, other nice Bahamas home or land.
Located in: Florida||North Carolina||Tennessee||Bahamas >

Full Description:
Once in a lifetime opportunity!!! 73+/- Acres in Western NC Mountains. Formerly 9 hole Golf Course. Land is all usable less the creek that flows through the middle and a pond. I have brought the property up to the point it can be easily developed in an area where there is very high demand, walking distance to the University. The shown plan, can be modified and/or redesignened to your specs, has approx 300 units, up to 150 rentals, and 150 single family, multi family, senior living etc. Also, has planned town center with up to 15,000sq/ft retail space. With rental units and commercial it has VERY good monthly income potential. I have numbers for all if you want to discuss. tons of ourdoor living amenities planned. Possible conservation easement with substantial fed tax credits if desired. EXTREME ROI potential. Sell all, partial, partner, subordinate portions, etc. this property was only able to be developed when the town passed their zoning ordinances recently, summer 2017. Water, sewer, fiber, power all available and ready to go. I have taken this project as far as it can be taken without actually starting the process. THE PROPERTY IS CURRENTLY ZONED MULTI USE.. There is a driving range and putting green planned for the community, SEE PIC. Jackson County Airport in on top of the mountain above property (24A is the identifier).

Being next to a larger university makes it a great place to park money or do 1031 since value never goes down next to colleges and universities, see data from 2008 recession around colleges and universities.

You can see the football stadium of Western Carolina University in the background, close in but secluded in the valley.

Click Here for more info, maps, street view, pictures or to propose a swap




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