NEW 4 HRS AGO

For sale

$1,285,000

Est. $8,537/mo —

•

— ba

•

5,925

sq ft

1589 Cane Creek Rd, Fletcher, NC 28732

About this home

Rare investment opportunity on 1.47 acres with flexible Open Use zoning! Located at 1589 Cane Creek Road, this unique multi-structure property features approx. 5,925 SF across three distinct buildings, unlocking massive potential for a professional office campus or a mixed-use commercial and residential portfolio. The rear quadplex (built 2020) features four turnkey 1BR/1BA units with modern finishes and individual mini-split systems. Facing the road is a ±1,378 SF front building paired with a standalone, detached flex space—perfect for an office, creative studio, or additional residential rental income. Completing the campus is a vacant ±2,077 SF conditioned metal building (built 2005) ready for adaptive reuse as an event space, wellness facility, community center, or office conversion with paved parking lot and outdoor pavilion. Strategically positioned with excellent access to I-26, Highway 74A, the Asheville Regional Airport, and Hendersonville. City water and high capacity septic on site. Buyer to verify zoning, permitted uses, and septic capacity.

Multi-familyProperty Type

2020Year Built

1.47 acresLot Size

$217Price/Sq.Ft.

28 spacesParking

Listed by Luiz Leonetti • Town and Mountain Realty

Listed by Jessi Leonetti • Town and Mountain Realty

Contact: luiz@luizleonetti.com

Listing updated: Oct 12, 2026 at 04:58pm

Redfin checked: a minute ago

•Source:CANOPYMLS as Distributed by MLS Grid #4434021

Payment calculator

$8,537 per month

Principal and interest$7,188

Property taxes

$1,189

HOA dues

Home insurance

$161

Utilities

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Open houses

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Nearby open houses (10)

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Around this home

Schools

K - 12
Preschool & daycare

Fairview Elementary

Public K-5 • Assigned • 3.0mi

8/10

Cane Creek Middle

Public 6-8 • Assigned • 0.2mi

7/10

A C Reynolds High

Public PreK-12 • Assigned • 4.8mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Bedrooms
4 apartment units with 4 bedrooms
3 bedrooms in unit type 2

Kitchen
Dishwasher
Electric oven
Electric range
Exhaust fan
Microwave
Refrigerator

Laundry & utility
In-unit laundry
Washer/dryer

Heating & cooling
Central and ductless heating
Central air and ductless cooling

Sale and tax history for 1589 Cane Creek Rd

Sale History
Tax History

Public record

Public record
Zoning

Beds

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Baths

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Multi-Family (5+ Unit)

County

Buncombe County

APN

9674-69-8165-00000

Parking Spaces

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Basement

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Accessible

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HOA Dues

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Garage

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Features

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Last updated by owner on Oct 12, 2026.

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

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

8 days above 96° expected this year, 22 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

4/10 Air Factor

2 unhealthy days expected this year, 6 days in 30 years

Provided by First Street

Historical weather

Fletcher, NC • 28732

Average low and high temperatures (°F)

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Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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