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Property Description
Positioned along the highly traveled New Leicester Highway (NC-63), 396 New Leicester Highway presents an excellent opportunity to acquire a well-located commercial asset in one of West Asheville's most active growth corridors. This 2,544 SF building benefits from outstanding visibility and accessibility along a primary commuter route connecting the rapidly expanding Leicester community to Asheville. Located just ±4 miles northwest of Asheville's vibrant downtown, the property enjoys strong daily traffic counts estimated between 20,000 and 33,000 vehicles per day, delivering consistent "drive-home" exposure ideal for a wide range of commercial uses. The surrounding corridor is characterized by a dynamic mix of neighborhood retail, dining, and service-oriented businesses, making it a proven destination for both local residents and commuters. The property is supported by a robust and growing customer base, with over 99,000 residents within a 5-mile radius and continued population growth projected in the coming years. This combination of strong demographics, high visibility, and strategic location makes the site well-suited for owner-users, investors, or businesses seeking to establish or expand their presence in the West Asheville market. "¢"¢Highlights"¢"¢±2,544 SF freestanding commercial building"¢Prime frontage along New Leicester Highway (NC-63)"¢High daily traffic counts (20,000-33,000 VPD)"¢±4 miles to downtown Asheville"¢Strong "drive-home" commuter visibility"¢Population exceeding 99,000 within a 5-mile radius"¢Located in a growing commercial corridor serving West Asheville and Leicester
Full Property Details
Full Property Details for 396 New Leicester Hwy
General
- Price: $795,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4371275
- Updated: 6/2/2026
- Added to Site: 1 day(s) ago
Location
- County: Buncombe
- Driving Directions: 396 New Leicester Highway is strategically positioned along New Leicester Highway (NC-63), a primary commercial and commuter corridor serving West Asheville and the growing Leicester community. Located approximately four miles northwest of downtown Asheville. The corridor experiences strong daily traffic volumes seeing roughly 20, 000–33, 000 vehicles per day along the highway. This steady commuter flow provides consistent “drive-home†exposure for businesses and supports a mix of neighborhood retail, dining, and service establishments. Within a 5-mile radius, the population exceeds 99, 000 residents, with continued growth projected over the next several years
- City Limits: Yes
Structural Information
- Construction: Site Built
- Minimum Avail: 2,544 Sq. Ft.
- Year Built: 1998
Lot Features
- Street/Road Desc.: Paved
Disclosures and Reports
- Restrictions: Other - See Remarks
- Inclusions: Building
- Property ID: 962924477800000
- Lot Number: 962924477800000
Listed by Dewey Property Advisors
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Schools
Schools serving 396 New Leicester Hwy
School District:Buncombe County Schools
| Name | Grades | Distance |
|---|---|---|
Clyde A Erwin High 60 Lees Creek Road, Asheville, NC 28806 | 9-12 | 0.9 mi |
Johnston Elementary 230 Johnston Boulevard, Asheville, NC 28806 | PK-4 | 1.3 mi |
Clyde A Erwin Middle School 20 Erwin Hills Road, Asheville, NC 28806 | 7-8 | 1 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 396 New Leicester Hwy
Date
Details
Price
Change
Source
6/02/2026
Listed
$795,000
—
MLS
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
Tax History for 396 New Leicester Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2024
-100%
$314,200
—
2023
$2,831
1%
$314,200
—
2022
$2,800
—
$314,200
—
2021
$2,800
5%
$314,200
13%
2020
$2,662
—
$277,900
—
2019
$2,662
—
$277,900
—
2018
$2,662
-1%
$277,900
—
2017
$2,690
18%
$277,900
31%
2015
$2,285
1%
$211,800
—
2014
$2,254
—
$211,800
—
2013
$2,254
—
$211,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 396 New Leicester Hwy
396 New Leicester Highway, Asheville, NC 28806 (MLS# 4371275) is a Commercial property. 396 New Leicester Highway is currently listed for $795,000 and was received on June 02, 2026. Want to learn more about 396 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.

