$195,000

205 Frazier Street, Waynesville, NC 28786

3 beds |
1 bath |
952 sqft

Single-Family Home
Built in 1960
0.46acre lot
—— car garage
$205/sqft
Listed 5 days ago

Property Description

Exceptional Development Opportunity – 4 Unit Potential in the Heart of Waynesville! Positioned on one of the largest lots on Fraser Street, this prime 0.46-acre property offers a rare chance to capitalize on location, scale, and flexibility. Located in a rapidly growing corridor just off Highway Exit 102, the site is surrounded by major retail, restaurants, and daily conveniences—including Publix, Ingles Markets, Chick-fil-A, and Starbucks—placing future residents within minutes of everything. The property includes duplex plans tailored specifically for the lot, while current zoning allows for up to four residential units, presenting strong upside for developers and investors seeking density and long-term value. Whether you choose to move forward with the existing plans or maximize the site with a larger multi-unit build, the possibilities here are substantial. An existing structure is on site and is being sold as-is, with major preliminary work already completed—including asbestos abatement and a demolition permit in place—saving valuable time and cost in the development process. This positions the property for a smooth transition into the next phase of construction. With its combination of strategic location, generous lot size, development-ready groundwork, and flexible build potential, this is a standout investment opportunity in the heart of Waynesville. Ideal for builders, developers, or investors looking to deliver high-demand housing in a thriving market.

Listing Status:: Active
Data Last Updated:: May 10, 2026 at 6:17PM
Listing Office:: Big Hills Real Estate LLC : 828-707-3154
MLS ID:: 4377674

Appliances: None
Laundry: None
A/C: None
Heating: None

Parking: Attached Garage

General: Site BuiltCrawl Space

Road/Access: GravelPaved
Originating MLS: carolina
County: Haywood

Zoning: 15R0668616-12-4019

Water: City
Sewer: Public Sewer

Source: carolina

This listing courtesy of Big Hills Real Estate LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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