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$195,000
3 bd
1 ba
952 sqft
205 Frazier Street
Waynesville, NC 28786
Property Type
Residential
Year Built
1960
Lot Size
—
Garage
—
About This Property
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.
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.
Property Details
Interior
- Bedrooms
- 3
- Bathrooms
- 1
- Living Area
- 952 sqft
Exterior & Lot
- Year Built
- 1960
Location
- Subdivision
- none
- County
- Haywood
- ZIP Code
- 28786
Financial
Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- Hazelwood
- Middle School
- Waynesville
- High School
- Tuscola
Appliances
None
Location
Listing Information
- MLS #
- CAR4377674
- Listing Agent
- Andrii Peschanskyi
- Listing Office
- Big Hills Real Estate LLC
- Listed Date
- May 5, 2026
Contact Jonathan Jackson About This Property
Interested in 205 Frazier Street? Send us a message and we'll get back to you.
