550 Old Soco Road, Whittier (7.03 Acres)

7.03 Acres - Land For Sale

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550 Old Soco Road

Whittier, NC 28789 View on Map
Active $30,000
Property Type Land
Property Subtype Commercial
Lot Size 7.03 Acres

Description

This property is in the center of the Cherokee Indian Reservation approximately 1/4 mile from the Casino which draws in excess of 4 million visitors annually with a huge expansion under construction now consisting of 800 hotel rooms and a 80,000 SF convention center. This property is in Jackson County and not the reservation giving it full alcohol privileges. The reservation is dry except for the Casino which has a 30% alcohol tax for businesses selling alcohol. This property is a ground lease and owners will go 50 years or longer. Lease is 30,000 per acre per year. Escalation of 10% every 5 years. Property is idea for hotel, restaurant, bar, brewery, c-store, retail, etc.

Directions: Going to Cherokee on US 441 turn right on Casino Trail at McDonald's/ Casino Mart. Once you cross the bridge over Soco Creek the property is on the right. There is no sign.

Sale Notes

Apx Acres: 7.3000
Type: Land
# Acres: 7.3
Current Use: Residential
Topography: Level, Steep, Sloping, Other-See Remarks
Condition: Good
Area: Other
Subdivision: None
County: Other
Schools: Jackson County
Zoning: None

Location