Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

934 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Hembree
Hayesville, NC 28904

The Grand at Hayesville Apartments · Land For Sale · 3.61 AC

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Fully approved
Growing market

Work force housing opportunity

Executive Summary

This is a fully entitled 100 unit apartments complex for workforce housing. The plans call for 4 3-story core buildings, 2 carriage buildings, a clubhouse with pool and cabana, 2 garages with storage, a maintenance building, and a dog park w/ dog wash. The city/county needs more housing for the work force market. The neighboring county has several significant businesses including a casino, which attracts workers to move to the area. Many of these workers would refer to live near Hayesville for the quieter lifestyle and outdoor recreational opportunities. Unfortunately, there is a lack of houses and apartments available for rental. A market study by RPRG found an excess demand of 148 units through at least February of 2023. The only other apartment complex in the community has a vacancy rate near 0. Projected annual household growth of 103 household per year is projected in the market area over the next several years.

PROPERTY FACTS

Sale Type	Investment	Proposed Use	Commercial Apartment Units
No. Lots	1	Total Lot Size	3.61 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Apartment Units
Total Lot Size	3.61 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$1,637,025 CAD	Lot Size	3.61 AC
Price Per AC	$453,470 CAD

Price	$1,637,025 CAD
Price Per AC	$453,470 CAD
Lot Size	3.61 AC

Listing ID: 26401858
Date on Market: 2022-08-13
Last Updated:
Address: Hembree, Hayesville, NC 28904

1 of 5

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/5

This feature is unavailable at the moment.