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$1,490,000 -$100,000 (-6.29%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 6,740 Sq. Ft.
  • 49 Parking Spaces
  • Updated 5 days ago
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Attractive investment opportunity along one of West Asheville's primary commercial corridors. This 6,740 SF purpose-built facility was designed for a full-service physical therapy practice and offers a highly functional layout adaptable to a variety of medical, wellness, professional office, or service-oriented users. The property is currently leased to a successful, regional physical therapy and sports medicine practice, providing stable cash flow for an investor at a 6.39% CAP Rate. Situated on 1.76 Acres, zoned HB (Highway Business) and featuring 346 feet of road frontage, this site provides outstanding visibility, signage, and convenient access for the community, ensuring success for the Tenant-occupant. Ideally located just minutes from downtown Asheville, the property enjoys quick access to I-240 (approximately 3 miles), I-26 (approximately 4 miles), and I-40 (approximately 6 miles), allowing seamless connectivity throughout Western North Carolina. This well-maintained asset presents an excellent investment opportunity in a growing commercial market.

Full Property Details for 149 New Leicester Hwy

General

  • Price: $1,490,000
  • Status: Active
  • Type: Commercial
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4389474
  • Updated: 10/7/2026
  • Added to Site: 126 day(s) ago

Interior

  • Appliances: Refrigerator
  • Flooring: Carpet, Laminate, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3

Additional Information

  • Equipment: Other - See Remarks

Parking

  • Parking Features: Parking Lot, Parking Space(s), Shared Driveway

Location

  • County: Buncombe
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Central Air, Ductless, Heat Pump, Zoned
  • Heating Type: Central, Ductless, Heat Pump, Natural Gas, Zoned

Utilities

  • Sewer: Public Sewer
  • Water: City
  • Utility Description: Electricity Connected, Natural Gas, Solar, Wired Internet Available, Other - See Remarks

Structural Information

  • # Buildings: 1
  • Construction Status: Completed
  • Construction: Site Built
  • Exterior Const.: Fiber Cement, Hardboard Siding
  • Roof: Metal
  • Square Feet: 6,740
  • Minimum Avail: 6,740 Sq. Ft.
  • Year Built: 2012

Lot Features

  • Street/Road Desc.: Paved
  • Elevation (Approx.): 2000
  • Lot Features: Level, Paved
  • Rcmdd Zoning: HB
  • Fencing (Description): Chain Link

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Subject to Lease
  • Restrictions: No Representation, Other - See Remarks
  • Inclusions: Building, Land
  • Property ID: 962970624400000
  • Plat: 123/195
  • Lot Number: 4617-912

Listed by Likewise Commercial Real Estate

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Listing agent

— 149 New Leicester Hwy —

  • Likewise Commercial Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 149 New Leicester Hwy

School District:Buncombe County Schools
NameGradesDistance
Emma Elementary
37 Brickyard Rd, Asheville, NC 28806
K-41 mi
Clyde A Erwin High
60 Lees Creek Road, Asheville, NC 28806
9-122 mi
Clyde A Erwin Middle School
20 Erwin Hills Road, Asheville, NC 28806
7-82 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 149 New Leicester Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Price Reduced
$1,490,000
-6.29%
MLS
7/23/2026
Price Reduced
$1,590,000
-5.92%
MLS
6/08/2026
Listed
$1,690,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 149 New Leicester Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,405
7%
$749,100
—
2024
$6,943
3%
$749,100
—
2023
$6,749
1%
$749,100
—
2022
$6,674
—
$749,100
—
2021
$6,674
-6%
$749,100
1%
2020
$7,125
—
$743,800
—
2019
$7,125
—
$743,800
—
2018
$7,125
-1%
$743,800
—
2017
$7,199
9%
$743,800
21%
2015
$6,608
1%
$612,400
—
2014
$6,516
—
$612,400
—
2013
$6,516
—
$612,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Likewise Commercial Real Estate

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149 New Leicester Highway, Asheville, NC 28806 (MLS# 4389474) is a Commercial property. 149 New Leicester Highway is currently listed for $1,490,000 and was received on June 08, 2026. Want to learn more about 149 New Leicester Highway? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

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