For Sale
$621,740

502 Merrimon AveAsheville, NC 28804

Prime Merrimon Ave. redevelopment site.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 0.13-acre commercial land parcel, located at 502 & 506 Merrimon Avenue in Asheville, North Carolina (APN: 9649-38-6076, 9649-38-6063, Zip Code: 28804), presents a unique redevelopment opportunity. Situated on a high-traffic section of Merrimon Avenue, at the gateway to UNC Asheville and the corner of Chatham Road, this property boasts excellent walkability to downtown Asheville. The site is zoned CB1 and offers potential for a mixed-use development project. The property includes two parcels and comprises an early 1900s two-story masonry building which may be suitable for adaptive reuse, though verification by the buyer is recommended. This offering can be acquired independently or as part of a larger purchase encompassing adjacent Merrimon Avenue properties. The asking price for this prime Asheville location is $621,740. This is an ideal investment for developers seeking a high-visibility location with significant potential for future growth and return.

Highlights

  • $621,740 asking price for 0.13 acres of commercial land.
  • Located at 502 & 506 Merrimon Ave, Asheville, NC 28804.
  • APN: 9649-38-6076, 9649-38-6063; zoned CB1.
  • High-traffic location on Merrimon Ave, near UNC Asheville and downtown.
  • Redevelopment opportunity; potential for mixed-use project and adaptive reuse of existing building.

Property Details for 502 Merrimon Ave

Property type
Land
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Asheville
County
Buncombe
State
North Carolina
Latitude
35.616153635489
Longitude
-82.554899216731
502 Merrimon Ave, Asheville, North Carolina

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502 Merrimon Ave
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