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205 Frazier Street

Waynesville, NC 28786
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Bed 0

Bed

Bath 0

Bath

Acres0.46

Acre(Lot)

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 s ite 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.

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Detail Ic Property Details

Property Type : Residential

Price : $169,500

AD Id : 77971389

MLS Id : CAR4377674

Lot Size : 0.46 Acre

Year Built : 1960

County : Haywood

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Feature Features

  • Interior Features

    Appliances: None Laundry Features: None
  • Flooring Information

    Construction Materials: Vinyl
  • Heating & Cooling

    Heating: None Cooling: None WaterSource: City

  • Building Information

    Year Built: 1960

  • Lot Information

    Lot Size Area: 0.46 acre

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Listing Price Information

    Original List Price:$195000

  • Tax Information

    Tax Assessed Value: 0 Parcel Number: 8616-12-4019

  • Parking Information

    Attached Garage

    Garage Information

    Has Garage: Yes Has Main Level Garage: Yes

  • School Information

    Elementary School: Hazelwood Junior High School: Waynesville Senior High School: Tuscola
  • Utility Information

    Sewer: Public Sewer Water Source: City
  • Location Information

    Subdivision: none City: Waynesville Direction: From downtown Waynesville, take Russ Ave (US-276) toward Hazelwood. Turn onto Frazier Street and continue to 205 Frazier Street. Property will be on your right. Alternative (from Asheville): Take Interstate 40 West to Exit 27 (US-23/US-74 toward Waynesville). Follow toward Waynesville, take the Russ Ave exit, then turn onto Frazier Street. Continue to 205 Frazier Street—property will be on the right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
345 Moorehill Drive, Waynesville, NC, 28786 $620,000 1 2 702 702 SqFt
76 Busters Drive, Waynesville, NC, 28786 $825,000 3 3 2,287 2,287 SqFt
88 Brown Bear Way, Waynesville, NC, 28786 $799,000 3 3 2,218 2,218 SqFt
140 Debbie Loop, Waynesville, NC, 28786 $825,000 3 3 3,121 3,121 SqFt
1201 Cathey Cove Road, Waynesville, NC, 28786 $589,000 2 2 1,200 1,200 SqFt
4912 Pigeon Road, Waynesville, NC, 28786 $574,900 4 5 3,770 3,770 SqFt
300 Kelly Springs Road, Waynesville, NC, 28786 $625,000 2 3 2,355 2,355 SqFt
205 L And E Meadows Drive, Waynesville, NC, 28786 $409,000 3 1 1,000 1,000 SqFt
1250 Cobblestone Drive, Waynesville, NC, 28786 $775,000 3 3 2,773 2,773 SqFt
1282 Old Country Road #36, Waynesville, NC, 28786 $450,000 3 2 1,722 1,722 SqFt
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ByOwner last updated this listing 06/27/2026 @ 06:20

MLS: CAROLINA #4377674 LISTED BY: Andrii Peschanskyi, Big Hills Real Estate LLC 828-707-3154 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)

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