Poplar Hill Area, Boone, Multifamily Development
- Location: Maryah Drive
- Price: $760,000
- Acres: 5.83
This 5.83 (+/-) acre tract is conveniently located close to Appalachian State University, shopping, and medical. Being partially zoned B3, General Business, with the majority of the property being zoned R3, Mutli-Family Residential, provides and excellent opportunity for student or professional housing. A feasibility study was commissioned by the owners indicating an opportunity for a 90 bedroom complex. An appraisal was completed in 2011 indicating a market value of $875,000 which provides an excellent value considering the offering price of $760,000. Public, water and sewer available for the property.