Developer's Dream: Signalized Corner Acreage on New Leicester Hwy - position your next project on one of the most strategic and visible development sites in the Asheville market. This +/-5.39 acre parcel offers prime frontage on New Leicester Highway (over 500 ft on a 5-lane highway) plus additional access along O'Donald Road, all just 4 miles from Patton Avenue and minutes to downtown Asheville. Located at a signalized intersection on the drive-home side of the highway, this very gently sloping, high-traffic site offers a rare opportunity for commercial, multifamily, or mised-use development in one of Buncombe County's fastest-growing corridors. Open use zoning, minimal site prep, over 500' frontage on two roads, 3 private wells with municipal water available.
Whether you're planning a multifamily development, commercial center, storage facility, or a blended-use project, this site checks every box - location, access, infrastructure, zoning flexibility, and growth potential.
Active
$1,200,000
0 New Leicester Hwy, Asheville, NC 28806
--beds
--baths
1,032sqft
Est.:
Multi Family
Built in 1932
-- sqft lot
$-- Zestimate®
$1,163/sqft
$-- HOA
What's special
Signalized corner acreage
- 1933 days
- on Zillow |
- 116 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 08:54am
Listing Provided by:
Micheal Farlow mfarlowrealtor@gmail.com,
Lantern Realty & Development
Source: Canopy MLS as distributed by MLS GRID,MLS#: 3603722

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Heat Pump
Cooling
- Ceiling Fan(s), Central Air, Heat Pump
Appliances
- Included: Electric Water Heater
- Laundry: Main Level
Features
- Flooring: Carpet, Vinyl
- Basement: Exterior Entry,Interior Entry
- Fireplace features: Living Room
Interior area
- Total structure area: 1,032
- Total interior livable area: 1,032 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached Garage, Garage on Main Level
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Covered, Rear Porch, Screened
- Fencing: Fenced
- Waterfront features: None, Creek, Creek/Stream
Lot
- Size: 5.39 Acres
- Features: Corner Lot, Level
Details
- Additional structures: Shed(s)
- Parcel number: 961959191700000
- Zoning: OPEN USE
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hardboard Siding
- Foundation: Other - See Remarks
- Roof: Fiberglass
Condition
- New construction: No
- Year built: 1932
Utilities & green energy
- Sewer: Septic Installed, Shared Septic
- Water: Well
- Utilities for property: Propane
Community & HOA
Location
- Region: Asheville
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $1,163/sqft
- Tax assessed value: $485,300
- Date on market: 4/28/2020
- Listing terms: Cash,Conventional
- Tenant pays: All Except Water
- Road surface type: Asphalt, Paved
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