About this property

Versatile Multi-Family & Investment Opportunity in Waynesville ETJDiscover a rare woodsy canvas near Chestnut Park offering the quiet charm of an established neighborhood alongside the immediate utility of city water and sewer. Situated just minutes from Downtown Waynesville and the Russ Avenue shopping corridor, this property delivers ideal accessibility combined with exceptional building freedom.UNBEATABLE FLEXIBILITY Existing Income: Includes two occupied long-term 1BR-1BA rental cottages (48 & 40 Lansing Rd).Development Ready: Features an adjoining 0.33-acre flat, buildable lot.Favorable Status: Medium-density zoning within the Waynesville Extra-Territorial Jurisdiction (ETJ) offers broad flexibility for manufactured, modular, site-built, or multi-family structures.PRIME INVESTMENT POTENTIALPerfect setup to live in one unit while developing the vacant parcel, expand income-producing capacity, or execute a multi-unit project.Essential municipal utilities (city water and sewer) are already on-site, significantly reducing initial build costs.

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