174 Walter Ashe Rd Sylva, NC 28779
- Commercial real estate
- 9.50 lot acres
Current Use by Public Records
- Stillwell Enterprises / Contractor
Property Details for 174 Walter Ashe Rd
- Year built
- 1961
- Lot size
- 9.50 lot acres
- Property type
- Commercial real estate
Description
This exceptional 9.5-acre commercial property presents a unique investment or development opportunity in Sylva, North Carolina. Strategically located near NC 107, this site boasts high visibility and convenient access via a traffic light, ensuring excellent exposure for any commercial venture. An independent appraisal conducted in January 2023 valued the property at $1,080,000, highlighting its significant potential. The property is already engineered and graded, with plans in place for a balanced development, eliminating the need for extensive earthwork. These plans include the potential for 108 apartment units, making it an attractive option for multi-family housing development. However, the site's versatility extends beyond residential, making it equally suitable for a wide range of commercial uses. Consideration could be given to restaurants, grocery stores, auto dealerships, office complexes, medical facilities, or retail establishments. The ongoing improvements to NC 107 are driving significant relocation activity, creating an even greater demand for commercial space in this area. Water and sewer services are readily available, further enhancing the property's appeal and streamlining the development process. This is a rare chance to acquire a fully prepared site with exceptional location and access, ready for immediate development. The asking price is $949,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sylva
- County
- Jackson
- State
- North Carolina
- Longitude
- -83.20689
- Latitude
- 35.36822
