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… Read More 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. Read Less
Courtesy of Big Hills Real Estate LLC.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
952
Lot Size
0.46 Acres
Year Built
1960
MLS Number
4377674
30 Days Snapshot Of 28786
$471k
0%
(avg) sold price
32
+14%
homes sold
46
-56%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "None"
Building
Finished Area Above Grade: 952, Area: 952, Building Area: 952, Construction Materials: "Vinyl", Levels: "One", Year Built: 1960, Construction Type: Site Built
Cooling
Details: "None"
Garage
Garage Spaces: 0, Man Level Garage: 1
Heating
Heating: "None"
Laundry
Description: "None"
Lot
Size: 0.46, Size Units: Acres
Utilities
Sewer: "Public Sewer", Water Source: "City"
Interior Features
SqFt Lower: 0, Main SqFt: 952, Third SqFt: 0, Unheated Total SqFt: 0
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of Canopy MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.