Tbd Jefferson Ave West Jefferson, NC 28694

This 5.77± acre parcel in West Jefferson, NC, presents a multifamily investment opportunity. The property features approximately 300 +/- ft of frontage on S Jefferson Hwy (NC-221 Business), offering high visibility. Zoned R-7, the site permits medium-density residential development with a 40% maximum lot coverage. Setbacks are 25 ft front and 10 ft sides. Access is provided via Vista Drive (60 ft ROW). The location is within a federally designated Opportunity Zone. Conceptual plans are available for an 80-unit multifamily project across 5 buildings, totaling 31,905 SF, although these plans have not been approved by the local municipality. The proposed unit mix includes 40 one-bedroom and 40 two-bedroom apartments, with a projected gross potential income of $964,800 annually. Water and sewer are available at the site. The property is surrounded by established commercial uses, including quick-service restaurants, gas stations, and hotels. It is suitable for a high-demand residential development or an assisted/independent living 55+ community. The property has road frontage on both Jefferson Ave and Vista Dr. Jefferson Ave is a State maintained road and Vista Dr is a town maintained road.