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44 & 54 Legacy Lane

Cullowhee, NC 28723
  • $2,875,000
  • STATUS: Active
  • ON SITE: 154 Days
  • ID#: 4073888
UPDATED: 18 min ago
$2,875,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1971
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Allen Tate/Beverly-Hanks Waynesville: 828-452-5809. Copyright 2024 Canopy MLS. All rights reserved.

Description

Rare investment opportunity to own property located absolutely in the middle of a growing regional university campus -- Western Carolina University. This location currently houses a student apartment complex, but also presents long-term development opportunities for other commercial enterprises that could thrive in a middle-of-the-campus location. As campus parking becomes more difficult and expensive, this unique, walk-everywhere apartment complex location will increase in values and has always enjoyed 100% occupancy. With slight additional development, these apartments could become known as the premier campus residences at WCU. This property can provide an immediate good return, while also banking captivating long-term potential. This may be the only middle-of-the-campus property available at any university in the SE United States; very unique, and possesses great potential for other, creative uses.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2024-03-01T14:34:14.643 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Rowena Patton's Allstar Powerhouse brokered by eXp nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

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44 & 54 Legacy Lane Cullowhee, NC 28723

  • Price: $2,875,000
  • Status: Active
  • On Site: 154 Days
  • Updated: 18 min ago
  • ID#: 4073888
0
Beds
0
Baths
0
½ Baths
0.7
Acres
1971
Built
County:
Jackson
Area:
Cullowhee
Property Description
Rare investment opportunity to own property located absolutely in the middle of a growing regional university campus -- Western Carolina University. This location currently houses a student apartment complex, but also presents long-term development opportunities for other commercial enterprises that could thrive in a middle-of-the-campus location. As campus parking becomes more difficult and expensive, this unique, walk-everywhere apartment complex location will increase in values and has always enjoyed 100% occupancy. With slight additional development, these apartments could become known as the premier campus residences at WCU. This property can provide an immediate good return, while also banking captivating long-term potential. This may be the only middle-of-the-campus property available at any university in the SE United States; very unique, and possesses great potential for other, creative uses.
Exterior Features

Carport YN No Construction Materials Brick PartialWood Construction Type Site Built Foundation Details Crawl SpaceSlab Lot Features Cul-De-SacPavedSloped Out Buildings YN Outbuilding Parking Features AssignedParking Lot Parking Total 30 Road Frontage Type City StreetOther - See Remarks Road Responsibility Publicly Maintained Road Road Surface Type Paved Roof ShingleMetal Window Features Insulated Window(s)

Interior Features

Appliances DishwasherDryerElectric CooktopElectric OvenElectric Water HeaterENERGY STAR Qualified Light FixturesExhaust FanExhaust HoodOvenRefrigeratorSelf Cleaning OvenWasherWasher/Dryer Basement YN No Cooling Central AirHeat Pump Flooring TileWood Heating CentralHeat PumpSeparate Meters

Property Features

Auction YN No CCRSubject To Undiscovered City Taxes Paid To No City Taxes Paid Complex Name Tree House Apartments Elevation 2500 Flood Plain No Green Building Features Concrete Construction Gross Income 190000 Hoa Subject To None Inclusions BuildingEquipmentFixtures Inside City YN Yes Lease Considered YN No Listing Terms CashConventional New Construction YN No Number Of Units Leased 10 Possible Use CommercialMulti-FamilyResidential Property Sub Type Special Purpose Restrictions N/A Restrictions Description None Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions None Utilities Cable ConnectedElectricity ConnectedFiber OpticsSatellite Internet Available View City Water Source County Water



MLS Grid logo Based on information submitted to the MLS GRID as of 2024-03-01T14:34:14.643 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Rowena Patton's Allstar Powerhouse brokered by eXp nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Rowena Patton's Allstar Powerhouse brokered by eXp
56 Central Avenue, Ste 201
Asheville NC, 28801
Canopy MLS logo Offered by Allen Tate/Beverly-Hanks Waynesville: 828-452-5809. Copyright 2024 Canopy MLS. All rights reserved.