"Although there is no possibility for the asteroid to collide with our planet, this will be a very close approach for an asteroid this size," NASA's Jet Propulsion Laboratory said in a statement.
Dubbed 2014-JO25, the asteroid will come within 1.8 million kilometres of Earth, less than five times the distance to the Moon.
It will pass closest to our planet after having looped around the Sun.
2014-JO25 will then continue on past Jupiter before heading back toward the centre of our Solar System.
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The next scheduled close encounter with a big rock will not happen before 2027, when the 800-metre wide asteroid 199- AN10 will fly by at just one lunar distance, about 380,000 km.
The last time 2014-JO25 was in our immediate neighbourhood was 400 years ago, and its next brush with Earth won't happen until sometime after 2600.
The April 19 flyby is an "outstanding opportunity" for astronomers and amateur stargazers, NASA said.
Besides its size and trajectory, scientists also know that its surface is twice as reflective as that of the Moon.
It should be visible with a small optical telescope for one or two nights before moving out of range.
2014-JO25 was discovered in May 2014 by astronomers at the Catalina Sky Survey near Tucson, Arizona.
Also tomorrow, a comet known as PanSTARRS will make its closest approach to Earth at a "very safe" distance of 175 million km, according to NASA.
Asteroids are composed of rocky and metallic material, whereas comets -- generally smaller -- are more typically made of ice, dust and rocky stuff.
Both were formed early in the history of the Solar System some 4.5 billion years ago.
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