Unique opportunity to own 11.32 acres in the heart of Western North Carolina. Build your dream home, Family compound or awesome Investor opportunity! Easy close access to I-40 off of Exit 37. There are many possible uses due to open use zoning! Property is located close to a Dollar General store, Gas stations and a Truck Stop. This property has is being sold with 5 separate parcels totally 11.20 acres and there are 2 homes being sold as-is. Parcel #1: 8687-43-1702-00000 is .46 acres with a brick home being sold as-is Parcel #2: 8687-43-3833-00000 is 2.23 acres is Land only and is the field in front of the brick home. Parcel #3: 8687-44-3148-00000 is 1.16 acres is Land only. Parcel #4: 8687-43-0978-00000 is 1.32 acres and with a green house being sold as-is. Parcel #5: 8687-43-7864-00000 is 6.03 Some parcels can be sold separately.
Single-familyProperty Type
1954Year Built
11.32 acresLot Size
$397Price/Sq.Ft.
Listed by Teresa Pressley• EXP Realty LLC
Contact: teresapressley.wncrealtor@gmail.com
Bought with Oleg Romashchuk• Black Tie Properties, LLC
Est. $1,705 per month, based on comparable rentals
Sale and tax history for 40 Georges Branch Rd
Sale History
Tax History
Date
Event
Price
CANOPYMLS as Distributed by MLS Grid #4331344
May 28, 2026
Sold
$500,000
$397/sq ft
May 14, 2026
Contingent
—
Mar 11, 2026
Price Changed
$1,232,000
$978/sq ft
Dec 23, 2025
Listed
$1,386,700
$1,101/sq ft
Public Records
Mar 13, 1997
Sold
$82,000
$65/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$950 (+6.9%)
$13,700 + $125,700
$139,400
2024
$889 (+3.2%)
$13,700 + $125,700
$139,400
2023
$861 (+4.2%)
$28,700 + $110,700
$139,400
2022
$827
$28,700 + $110,700
$139,400
2021
$827 (+8.9%)
$28,700 + $110,700
$139,400
2020
$759
$28,700 + $110,700
$139,400
2019
$759 (+2.4%)
$26,600 + $93,100
$119,700
2018
$741 (−1.6%)
$26,600 + $93,100
$119,700
2017
$753 (−6.2%)
$26,600 + $93,100
$119,700
2016
$803
$26,600 + $93,100
$119,700
2015
$803
$26,600 + $89,200
$115,800
2014
$803
$26,600 + $89,200
$115,800
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.46 Acres
Year renovated
1954
Sq. Ft.
1,260
Year built
1954
Style
Single Family Residential
County
Buncombe County
APN
868743170200000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
OU
Open Use District
The OU Open Use District is established as a district in which all uses are allowed by right, except for certain uses that are regulated as conditional uses so as to ensure that neighborhood impact is mitigated. Additionally, those uses which are specific to the Airport Industry District (AI) are excluded from the OU Open Use District. The neighborhood impact from conditional uses will be mitigated through the use of minimum specific site standards combined with general standards which provide the flexibility to impose a higher level of specific site standards dependent upon the degree of neighborhood impact. No zoning permit shall be required for permitted uses in the OU Open Use District.
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Manufacturing
Warehouse
Hotel / motel
Office
Jun 8, 2026 • Active
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.