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Property profile & analytics
OFF-MARKET
Land

00 Main And Whitaker Andrews, NC 28901

20.76 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 20.76-acre development site in Andrews, North Carolina, presents a unique opportunity for investors seeking to capitalize on the area's booming housing market. Located in Cherokee County, at the intersection of Main and Whitaker, and also accessible via 379 Whitaker Ln, this property boasts a highly desirable Business Highway zoning designation. The site is remarkably flat, a rare find in this mountainous region, and offers significant advantages for developers. Utilities including water, sewer, and electric are already in place, making this a truly "shovel-ready" project. Preliminary site plans have already commenced following a completed Phase 1 environmental assessment. The property's strategic location directly across from Walgreens, Ingles, ACE Hardware, and Heritage Park, and just a short distance from the Valley River Casino, ensures high visibility and convenient access. Furthermore, the property features over 300 feet of frontage on the Valley River, offering a unique amenity for any development. The area experiences near-zero rental vacancy rates, underscoring the significant demand for housing. This presents an unparalleled chance to develop much-needed multifamily or apartment units in a thriving community with a strong economy and abundant outdoor recreational opportunities, including proximity to the Great Smoky Mountain National Park. The site's flat terrain and existing infrastructure significantly reduce development costs and timelines. This is a rare opportunity to acquire a truly exceptional development site in a high-demand location.

Property profile
Verified
Property type Land
Lot 20.76 ac (904,306 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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