Signalized Corner Acreage Development
For Sale
$1,149,000
0000 New Leicester Highway, Asheville, NC 28806
Prime development land with high visibility and flexible zoning.
Property SizeContact for details
Lot Size5.39 Acres
Days on Market2095
Property Features for 0000 New Leicester Highway
General Information
Standard status
Active
Lot size
5.39 Acres
Property subtype
Commercial
Amenities
Central air
Corner Lot
Central Air Cooling
Composition Roof
Oil Heating
Building Details
Year Built
1932
Listing Agency:
LANTERN REALTY & DEVELOPMENT
(828) 772-0220
Listed By:
MICHEAL FARLOW
Source:
Corcoran
Added: Nov 13, 2020
Changed: Aug 8
Last Checked: Jul 16 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LANTERN REALTY & DEVELOPMENT
Investment Insights
Based on property information with market context.
This approximately 5.39-acre parcel presents a development opportunity with frontage on New Leicester Highway, spanning over 500 feet along a five-lane road, and additional access via O'Donald Road. Situated at a signalized intersection on the drive-home side of the highway, the site is located just 4 miles from Patton Avenue and a short distance from downtown Asheville. The property's zoning allows for commercial, multifamily, or mixed-use development. The gently sloping, high-traffic site benefits from open use zoning, minimal site preparation needs, and access to three private wells, with municipal water also available. The location, access, infrastructure, zoning flexibility, and growth potential make it suitable for a multifamily development, commercial center, storage facility, or blended-use project.
Key Highlights
- Prime location on a signalized corner of New Leicester Highway, a high‑traffic area.
- Significant frontage (over 500 ft) on a 5‑lane highway, plus additional access on O'Donald Road.
- Open use zoning allows for commercial, multifamily, or mixed‑use development.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime development land with high visibility and flexible zoning.
Where is this commercial land located?
The property is located at 0000 New Leicester Highway Asheville, NC.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Prime location on a signalized corner of New Leicester Highway, a high‑traffic area.; Significant frontage (over 500 ft) on a 5‑lane highway, plus additional access on O'Donald Road.; Open use zoning allows for commercial, multifamily, or mixed‑use development.
