5262 US Highway 74 W
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5262 US Highway 74 W
15,959 SF 100% Leased Retail Building Whittier, NC 28789 £1,095,430 (£69/SF)
Investment Highlights
- Multiple income streams and growth potential
- Located on well-traveled US-74 and features excellent visibility with 600 FT of road frontage and 24,000 vehicles passing per day
- 15.04+/- acres with graded public R/W, allowing for residential use and additional income potential for building/selling single family homes
- 18.04+/- acres
- Current rental income generated by 32 self-storage units, 13 flea market shops and 1 billboard
- Ample parking, multiple access points for easy ingress/egress and signage along a busy highway
Executive Summary
Multiple income streams and growth potential! This 18.04+/- acre property is located on well-traveled US-74 and features excellent visibility with 600 FT of road frontage and 24,000 vehicles passing per day. Current rental income generated by 32 self-storage units, 13 flea market shops and 1 billboard. The back portion of the property has 15.04+/- acres with graded public R/W, allowing for residential use and additional income potential for building/selling single family homes. Site features ample parking, multiple access points for easy ingress/egress and signage along a busy highway. Lots of value-add potential through expanded advertising or redevelopment. Whittier is located in the Great Smoky Mountains along the Tuckasegee River between Bryson City and Dillsboro and features some of the best outdoor activities the area has to offer. Property on shared well and own septic; located in a 500 year flood plain.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,959 SF
Building Class
B
Year Built
1991
Price
£1,095,430
Price Per SF
£69
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.02
Land Acres
18.04 AC
Zoning
None - The area where this property is located, there is not traditional zoning. Jackson County development related ordinances will apply.
Frontage
600 ft on US Hwy 74 W
Amenities
- Freeway Visibility
- Signage
- Storage Space
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £294,319 | |
Land Assessment | £394,104 | Total Assessment | £688,423 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£394,104
Improvements Assessment
£294,319
Total Assessment
£688,423
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5262 US Highway 74 W
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