(864) 362-2375
149 New Leicester Highway
$1,490,000

149 New Leicester Highway, Asheville, NC 28806

3Baths
2012YearYear Built

About This Home

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.

Location

Key Facts

Status: Active
Type: Commercial Sale
Pool: Yes
HOA Fees: $0
MLS: Canopy
MLS #: 4389474

Features

Office
Refrigerator

Mortgage Calculator

$7,534Estimated monthly payment

Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.

History

Current list price: $1,490,000
Status: Active — For Sale
Recent change: Price reduced
Days on market: 122
Last updated: Oct 8, 2026

Schools

Loading assigned schools…

Listing courtesy of Likewise Commercial Real Estate
Source MLS #: 4389474
Last updated: Oct 8, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.