72.65 Acres in Cullowhee, NC - $4,375,000

72.65 acres located within 1/8th mile of Western Carolina University and situates inside the Opportunity Zone. If someone is looking for a development project with long term tax benefits this one will be impossible to beat. This tract also offers an opportunity to place a conservation easement on the tract or with 5000' of stream it is well suited for stream mitigation credits. So, if someone is seeking relief from a recent Capital Gain the Opportunity Zone can handle that issue and the conservation easement will afford tax credits. Current zoning allows for Single Family Residential and there is a land plan design that meets zoning requirements with 109 building lots. Conditional Use permit can be applied for Multi Use. Situated in the incorporated Village of Forest Hills and in the Cullowhee community. Cullowhee was recently recognized by the Walton Family Foundation as the 13th "Most Dynamic Micropolitan in the Country". Current land plan in review process with governing bodies, but at a point in which plan can be modified to suit developer needs. Close proximity to the Great Smoky Mtn National Park, Blue Ridge Parkway, Asheville, NC and Harrah's Cherokee Casino.

Hiking, Mountain Biking, Trout Fishing, kayaking and rafting are all within 10-60 minute drive times. Public water and sewer accessible, high speed internet and very gentle topography. Property was originally a Nine Hole Par Three Golf Course.