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  • $1,200,000

    0 New Leicester Hwy, Asheville, NC 28806

    --beds
    --baths
    1,032sqft
    : 
    Multi Family
    Built in 1932
    -- sqft lot
    $-- Zestimate®
    $1,163/sqft
    $-- HOA

    What's special

    Signalized corner acreage
    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.
    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#: 3603722MLS Logo
    Travel times

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    Next available tour time:Today at 11am

    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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