Entitled Car Wash Development Site – Asheville, NC

Nestled in the vibrant city of Asheville, North Carolina, the area surrounding the property at 289 New Leicester Highway offers a wealth of attractions and amenities. Just a short drive from downtown Asheville, investors will find a diverse tapestry of eclectic dining experiences, trendy breweries, and unique shopping destinations. Nature enthusiasts will appreciate the proximity to the stunning Blue Ridge Mountains and the picturesque French Broad River. Nearby, the River Arts District and Biltmore Estate provide cultural enrichment and entertainment. With a bustling arts scene and a welcoming community, Asheville offers a dynamic backdrop for Land/Office investors seeking an exciting and thriving location to invest in.AVAILABLE INDIVIDUALLY OR AS PART OF A NINE-SITE PORTFOLIO Alpha Real Estate Advisors LLC is pleased to exclusively present 289 New Leicester Highway, Asheville, NC 28806, an entitled car wash development site offering a rare ground-up development opportunity on one of Western North Carolina's highest-traffic commercial corridors. This 1.47-acre parcel sits along New Leicester Highway (NC 63), a 5-lane commercial corridor in West Asheville, with a conceptual commercial site plan already on file demonstrating a commercially-viable building footprint and full-circulation layout for an express car wash development. The site fronts New Leicester Highway, whose signalized intersection with Patton Avenue — just minutes from the property — is repeatedly cited by local reporting as one of Asheville's busiest and highest-volume intersections, carrying an estimated ±44,000 vehicles per day combined. The corridor already anchors established retail development, including the multi-outparcel Shoppes at Winston's Corner at a signalized intersection along the highway, serving as proof of concept that this stretch supports high-traffic commercial uses. Buncombe County has grown more than 15% since 2010 to roughly 277,000 residents today, with Asheville as its county seat and largest city. Median household income in Asheville and Buncombe County runs in the low-to-mid $70,000s, above the North Carolina state average, in a market where 53% of adults hold a bachelor's degree or higher — among the most educated populations in the state. West Asheville commercial property values are up roughly 9% year-over-year, reflecting strong, active demand for commercial real estate in this specific submarket. Following Hurricane Helene in September 2024, the Asheville region has received substantial state and federal recovery investment: FEMA public assistance funding to North Carolina now tops $2 billion, the state's most recent budget directs an additional $706 million to Western North Carolina Helene recovery, and the City of Asheville alone received a $225 million HUD Community Development Block Grant for disaster recovery. This scale of public and private capital moving into the region over the next several years represents a meaningful tailwind for ground-up commercial development positioned to open as that investment matures. Additional property information and the full Offering Memorandum are available to qualified purchasers upon execution of an NDA.