44 & 54 Legacy Lane

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Address: 44 & 54 Legacy Lane, Cullowhee, North Carolina, US
Created date: February 5, 2024
Date last updated: March 22, 2024

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,495,000
No. of Units: 10
Year Built: 1971
Lot Size: 0.70 Sq ft
Opportunity Zone: No
Price per unit: $249,500
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Address: 44 & 54 Legacy Lane, Cullowhee, NC 28723, USA
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