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Concrete Apartment Building
For Sale
$2,349,000

44 & 54 Legacy Lane, Cullowhee, NC 28723

COMMERCIAL - Cullowhee, NC

Property Size10,649 SF
Lot Size0.70 Acres
Price / SF$220.58
Days on Market151

Property Features for 44 & 54 Legacy Lane

General Information

Property type Commercial Sale
Property subtype Other
Lot features City Lot
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.
Subdivision Cullowhee
Standard status Active
APN 7559238373, 7559238263
Size 10,649 SF
Lot size 0.70 Acres

Taxes and HOA fees

Tax Annual Amount 3620

Utilities

Utilities Electricity Available
Heating system Central, Heat Pump (Heating), Electric (Heating)
Cooling system Electric, Central Air, Heat Pump

Building Details

Year built 1971
Flooring type Tile, Hardwood
Building materials Concrete
Roof type Shingle, Metal
Listing Agency: Howard Hanna - Beverly Hanks Realtors
Listed By: Brian Noland (MLS only) · License #263678
Added: Mar 19 Changed: Aug 4 Last Checked: Aug 16 at 8:06AM
MLS# 26046643

Copyright © 2026 Carolina Smokies Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Concrete apartment building featuring two addresses on Legacy Lane (44 and 54 Legacy Lane) in Cullowhee, NC. The property sits on a 0.7-acre site and includes 10,649 square feet of building area. Construction materials are listed as concrete, with flooring noted as hardwood and tile, and a roof consisting of metal and shingle.

The building is supported by multiple heating and cooling systems, including heat pump heating, electric heating, and central heat, along with central air and heat pump and electric cooling. Electricity is available for utilities.

Built in 1971, the property offers a straightforward multifamily setup for tenants seeking on-campus style housing within the Western Carolina University area. The asset also presents opportunities for future repositioning as needs evolve around the campus environment.

Key Highlights

  • 0.7‑acre multifamily site
  • 10,649 SF apartment building
  • Concrete construction materials

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Nail Salon Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby

Demographics for 28723, NC

12,297
Population
5,600
Households
2.2
Avg Household Size
25
Median Age
32%
College-Educated
92%
High-School Grad
112.0 sq mi
ZIP Area
110
Density / Sq Mi
$43,539
Median Household Income
$10,908
Median Earnings
$842
Median Rent
$308,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Concrete apartment building on Legacy Lane with electricity available and central heating and cooling systems.
Where is this apartment building located?
The property is located at 44 & 54 Legacy Lane Cullowhee, NC.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: 0.7‑acre multifamily site; 10,649 SF apartment building; Concrete construction materials
More about this property
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