Kimsey Auction

• PROPERTY INFORMATION

Two buildings, totaling eight condo units with partial construction on six parcels and 15.57 acres of land. Excellent value-add opportunity to complete construction of the condominiums and sell or lease the properties upon completion. Future development opportunity with five additional undeveloped parcels. The condo units feature a double master style set-up with an open layout, vaulted living room, gas fireplace, and large windows allowing for ample natural light. Absolute Auction - 1st bid meets reserve! Each unit includes a private porch and a 300 square foot detached garage.

• Primary Property Type           Land
• Assessor's Parcel Number 7527-65-2413; 7527-65-1985; 7527-65-1271; 7527-66-4302; 7527-66-5605; 7527-66-665

• Property ID              1000015639
• Buildings                  2
• Lot Size (Acres)      15.57
• Starting Bid             $1

Detailed Description 534 Preservation Trail, also known as Garnet Ridge Preserve, consists of six parcels of land, totaling 15.57 acres, located in Sylva, North Carolina. The land is partially improved upon with five additional parcels left untouched, presenting an excellent opportunity for development. 534 Preservation trail includes two partially built condominium buildings totaling eight units. The condos are in varying stages of completion, with framing, electrical, plumbing, and HVAC having already been started, and insulation and drywall started in some. These two-story buildings contain four units each, with the upper floor units summing 1,329 square feet and the bottom units with 1,463 square feet. Each unit includes two bedrooms and two bathrooms, featuring a double master style set-up with an open layout, vaulted living room, gas fireplace, and large windows allowing for ample natural light. The units come with a private deck and 300 square foot detached garage, as well. Future residents can enjoy the private, secluded feel of being nestled into the dense North Carolina woods with scenic views surrounding the property. The Garnet Ridge Preserve backs up to the Long Branch Creek along Garnet Road and has a newly paved road running up to the property line. 534 Preservation Trail opens an excellent opportunity for developers to finish this project and capitalize on the additional five undeveloped parcels. The Garnet Ridge Preserve is located in Jackson County, in the heart of the Great Smoky and the Blue Ridge Mountains. Sylva is the county seat of Jackson County, acting as the central hub for commercial and government services. The picturesque community provides residents with a charming and small-town feel. This area is centrally located to many major cities, such as Asheville, Charlotte, Atlanta, and Knoxville. The site is easily accessible from Route 23 and 64, making traveling to and from the property a breeze. These mountain condos are convenient to folks across the east coast and offer access to excellent outdoor recreational activities. Recreational and outdoor tourism accounts for $163 million in economic impact each year, ranking Jackson County 26th among all 100 counties in North Carolina in that statistical category. Property tours are available by appointment only, please contact the listing broker to schedule.