5262 Us-74 Whittier, NC 28789
- Retail properties
- 15,959 SF
- 18.04 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5262 Us-74
- Year built
- 1991
- Lot size
- 18.04 lot acres
- Property size
- 15,959 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 18.04-acre property in Whittier, NC, presents a compelling value-add investment opportunity. Located on heavily trafficked US-74, the site boasts 600 feet of road frontage and visibility to 24,000 vehicles daily. Currently generating income from 32 self-storage units, 13 flea market shops, and a billboard, this multi-tenant property offers significant upside potential. The property encompasses three buildings totaling 15,959 square feet, built in 1991, and features ample parking and multiple access points. The rear 15.04 acres, with graded public right-of-way, allows for residential development, further enhancing the investment's potential. The asking price is $1,400,000, translating to $87.72 per square foot. The property is situated in a 500-year floodplain and utilizes a shared well and private septic system. Zoning is governed by the Jackson County Development Ordinance. This unique offering combines existing income streams with substantial expansion possibilities, making it an attractive investment in a desirable location within the Great Smoky Mountains region, between Bryson City and Dillsboro. The property's 45 units are spread across three single-story buildings. Detailed financial information is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whittier
- County
- Jackson
- State
- North Carolina
- Longitude
- -83.2954
- Latitude
- 35.391
