New Leicester Highway, Asheville NC
- 3 Bed
- 1 Bath
- 1032 ft2
- 5.4 ac
For Sale $1,200,000
Remarks:
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.
Interior Features:
Breakfast Bar, Built-in Features, Open Floorplan
General Information:
| List Price: | $1,200,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Other |
| Approx Sq. Ft.: | 1032 sqft |
| Parking: | Driveway, Detached Garage |
| MLS Number: | CAR3603722 |
| Subdivision: | None |
| Bathrooms: | 1 |
| Lot Description: | Corner Lot, Creek Front, Level, Creek/Stream |
| Year Built: | 1932 |
| Sewer Type: | Septic Installed, Shared Septic |
Assigned Schools:
| Elementary: | West Buncombe/Eblen |
| Middle: | Clyde A Erwin |
| High: | Clyde A Erwin |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-01-2025 | Listed | $1,200,000 | $1,163 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Vance Elementary | 4 miles | KG-05 | 9 |
| Francine Delany New School for Children | 4 miles | KG-06 | 9 |
| Isaac Dickson Elementary | 5 miles | PK-05 | 9 |
| Hall Fletcher Elementary | 5 miles | PK-05 | 2 |
| Claxton Elementary | 6 miles | KG-05 | 6 |
| Ira B Jones Elementary | 6 miles | PK-05 | 8 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| New Leicester Highway, Asheville NC | 0 mi | $1,200,000 | days | |
| 31 English Ivy Road, Asheville NC | 0.2 mi | $329,999 | days | |
| 9 Azure Sage Way, Asheville NC | 0.2 mi | $1,121,000 | days | |
| 48 Climbing Aster Way, Asheville NC | 0.3 mi | $525,000 | days | |
| 51 Climbing Aster Way, Asheville NC | 0.4 mi | $500,000 | days | |
| 104 Bobby Ridge Drive, Leicester NC | 0.6 mi | $499,500 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28806
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Lantern Realty & Development
New Leicester Highway, Asheville NC is a 1032 ft2 on a 5.390 acres lot. This is for $1,200,000. This has 3 bedrooms, 1 baths, and was built in 1932.
Based on information submitted to the MLS GRID as of 2025-05-01 10:35:05 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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