Search
Restaurant Building with Parking

429 New Leicester Hwy, Asheville, NC 28806

For Lease
New
Contact for pricing

The operating restaurant occupies a signalized intersection and carries CS (Commercial Services) zoning.

Space Size2,230 SF
Lot Size0.85 Acres
Days on Market5

Property Features for 429 New Leicester Hwy

General Information

Standard status Active
Size 2,230 SF
Net Rentable 2,230 SF
Total Parking Spaces 74
Lot size 0.85 Acres
Property subtype Restaurant
Zoning CS

Space & Availability

Available Space 2,230 SF
Contiguous Space 2,230 SF
Space Use Restaurant

Additional Details

Corner Location Yes
Currently Operating Yes

Building Details

Building Size 2,230 SF

Spaces For Lease

at 429 New Leicester Hwy
#1 Active
Size 2,230 SF
Contact us
Listing Agency: Collett
Listed By: Stanford Garnett · License NC #193303
Source: Crexi
Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 2:40PM

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 Collett

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

At 429 New Leicester Hwy in Asheville, this restaurant property includes a 2,230-square-foot building on an approximately 0.85-acre site. The restaurant is open and operating, and the property is zoned CS (Commercial Services). On-site parking accommodates 74 vehicles.

The site is positioned at a signalized intersection on New Leicester Hwy. The property combines an existing restaurant building, substantial on-site parking and commercial services zoning in one location.

Key Highlights

  • 2,230‑square‑foot restaurant building
  • Approximately 0.85‑acre site
  • 74 parking spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Papa's Pizza Restaurant

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Dental Office Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby
67k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 51% Dining 49%
McDonald's Dining
23,792 visits/mo 0.5 miles
Dollar General Shops & Services
8,589 visits/mo 0.4 miles
Exxon Shops & Services
7,770 visits/mo 0.1 miles
Shell Shops & Services
7,285 visits/mo 0.3 miles
Arby's Dining
5,665 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Asheville, NC

$25.1 /SF/Yr
Avg Asking Price
$9.26–$40 /SF/Yr
Price Range
3,215 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The operating restaurant occupies a signalized intersection and carries CS (Commercial Services) zoning.
Where is this conventional restaurant located?
The property is located at 429 New Leicester Hwy Asheville, NC.
What are key features of this property?
This property features: 2,230‑square‑foot restaurant building; Approximately 0.85‑acre site; 74 parking spaces
(704) 206-8300 · Office Call to check price and availability
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved