44 & 54 Legacy Lane Cullowhee, NC $ 2,495,000
44 & 54 Legacy Lane
$ 2,495,000
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44 & 54 Legacy Lane

Cullowhee, NC, 28723
$ 2,495,000
Baths13.0

Monthly Estimate*

$ 16,583

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Studio

Commercial Property for sale in Cullowhee, NC

for $2,495,000 with 13 full baths. This building was built in 1971 on a lot size of 0.7.

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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Commercial Active

Price

$ 2,495,000

Bedrooms

Studio

Full Bath

13

Property Type

Commercial

Taxes

$ 0

Style

Special Purpose

Lot Size

0.7

Year Built

1971

Town/City

Cullowhee

County/Region

Jackson

MLS | Web ID

4073888

Features
General
Sewer Public Sewer
Heating Central Heat Pump Separate Meters
Cooling Central Air Heat Pump
Utilities Cable Connected Electricity Connected Fiber Optics Satellite Internet Available
Roof Shingle Metal
Appliances Dishwasher Dryer Electric Cooktop Electric Oven Electric Water Heater ENERGY STAR Qualified Light Fixtures Exhaust Fan Exhaust Hood Oven Refrigerator Self Cleaning Oven Washer Washer/Dryer
Construction Materials Brick Partial Wood
Year Built 1971
Property SubType Special Purpose
Gross Income 190000
Elevation 2500
County Jackson
Net Operating Income 155000
Operating Expense 35000
New Construction N
Property Type Commercial Sale
Possible Use Commercial Multi-Family Residential
Directions Main entrance of WCU campus follow to the right. GPS will take you to property. The apartments are directly across from the bell tower.
City Cullowhee
Number of Units Leased 10
Street Name Legacy
Standard Status Active
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 981490
Complex Name Tree House Apartments
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Interior
Flooring Tile Wood
Street Suffix Lane
Total Baths 13
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Exterior
Parking Features Assigned Parking Lot
Lot Features Cul-De-Sac Paved Sloped
Water Source County Water
Total Parking 30
Inclusions Building Equipment Fixtures
Lot Size Area 0.7
Foundation Details Crawl Space Slab
Number of Buildings 4
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type City Street Other - See Remarks
Road Responsibility Publicly Maintained Road
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* Excluded Features
List By
Allen Tate/Beverly-Hanks Waynesville

Broker

Affordability Calculator

$16,583
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,583
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/22/2024$2,495,000 -13.22% Price Down
11/3/2023$2,875,000 -8.00% Price Down
9/28/2023$3,125,000 Listed Price

Map


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44 & 54 Legacy Lane, Cullowhee, NC, 28723 is a Commercial Property for sale at $2,495,000 with a lot size of 0.7. 44 & 54 Legacy Lane is a studio with 13.0 baths and was built in 1971. The property's zip code is 28723 which is in Cullowhee, NC