$1,690,000

149 New Leicester Highway, Asheville, NC 28806

  • 3 baths |
  • 6,740 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2012
  • Property Lot Size Icon1.78acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $251/sqft
  • Property List Date Icon Listed 17 days ago

Property Description

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% CAP Rate. Situated on 1.78 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. Please email the Listing Broker (DO NOT TEXT) for all showing requests and more information. Property is leased until 2031, with Tenant having renewal options. Inquire with Broker for lease and NOI details. Do not disturb the Tenant. At least 48 hour notice required for all showings.

Listing Status:
Active
Data Last Updated:
June 25, 2026 at 5:16PM
Listing Office:
Likewise Commercial Real Estate : 828-222-3685
MLS ID:
4389474
  • Appliances: Refrigerator
  • Flooring: CarpetLaminateVinyl
  • A/C: Ceiling Fan(s)Central AirDuctlessHeat PumpZoned
  • Heating: CentralDuctlessHeat PumpNatural GasZoned
  • Parking: Parking LotParking Space(s)Shared DrivewayParking spaces: 49
  • Roofing: Metal
  • Windows: Display Window(s)Window Treatments
  • General: Site BuiltSlab
  • Road/Access: Highway
  • Originating MLS: carolina
  • County: Buncombe
  • Zoning: HB9629-70-5266-00000
  • Fencing: Chain Link
  • Restrictions: Buyer to verify any/all restrictions prior to Closing.
  • Utilities: Electricity ConnectedNatural GasSolarWired Internet AvailableOther - See Remarks
  • Water: City
  • Sewer: Public Sewer
  • Source: carolina
  • Exclusions: Tenant's equipment

This listing courtesy of Likewise Commercial Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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