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Christian Smith


  • Office 828-595-9071
  • Cell 828-243-8147

331 New Leicester Hwy, Asheville, NC – $2,350,000

  • 5 Baths
  • 4,200 Sqft
  • 6.9 Acres
  • 272 DOM
  • 5 Baths
  • 4,200 Sqft
  • 6.9 Acres
  • 272 DOM

331 New Leicester Hwy

4 parcels w/approx. 1100 ft of frontage along high growth New Leicester Hwy, suitable for Commercial, Multi-Family or Mixed Use Development. Parcel one is a two level strip center w/7 rental units. The four units on the upper level are all currently occupied and are separately metered for electric and water. 2 of the 3 lower units are occupied. 3 lower units are used for storage but could be converted to glass store fronts for retail/office. The unconditioned lower level has one restroom and one meter for electric and water. The structure itself is located on a corner with a traffic signal, has a metal roof, a dedicated parking lot. PIN with structure is HB zoning and three PINs unimproved parcels are CB2 Zoning. Qualifies as federal Opportunity Zone for major tax incentives.

Essential Information

  • MLS® #3411276
  • Price$2,350,000
  • Bathrooms5.00
  • Square Footage4,200
  • Acres6.90
  • Year Built1971
  • TypeCommercial Property
  • Sub-TypeRetail/Ctr
  • StatusActive

Community Information

  • Address331 New Leicester Hwy
  • CityAsheville
  • CountyBuncombe
  • StateNC
  • Zip Code28806-2020


  • UtilitiesCity Sewer, City Water
  • WaterfrontNone


  • Has BasementYes
  • # of Stories2


Electric, Individually Metered, Other


Central, Individually Metered, Other, Window


  • RoofMetal
  • ConstructionSite Built


Basement, Basement Outside Entrance

Additional Information

  • Date ListedJuly 18th, 2018
  • Days on Market272
  • ZoningHB

Listing Details

  • OfficeThe Real Estate Center
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Price Change History for 331 New Leicester Hwy, Asheville, NC (MLS® #3411276)

Date Details Change
Price Reduced from $2,500,000 to $2,350,000 $150,000 (6.00%)

The Real Estate Center.

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Listing information last updated on April 22nd, 2019 at 1:58pm EDT.