550 Old Soco RoadWhittier, NC 28789 View on Map
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.
Apx Acres: 7.3000
# Acres: 7.3
Current Use: Residential
Topography: Level, Steep, Sloping, Other-See Remarks
Schools: Jackson County