65 Merrimon AveAsheville, NC 28801

Property Details for 65 Merrimon Ave

Year built

2005

Construction

BRICK

Lot size

1.23 AC

Property size (Sq ft)

17,865 SF

Zone code

DEED DATE:09/21/2017 DEED

Property type

Industrial properties

Property subtype

Breweries

APN

9649-42-0673-00000

APU

964942067300000

Description

This exceptional investment opportunity presents a 17,773-square-foot, single-tenant, Class A shopping center in Asheville, North Carolina. The property, built in 2005, is 100% occupied by a Staples store under a sale-leaseback agreement, offering a secure, long-term income stream backed by a corporate guarantee. Situated on a 1.23-acre lot at 65 Merrimon Ave, Asheville, NC 28801, this strategically located asset benefits from exceptional demographics. The trade area boasts a population exceeding 135,000, with over 50,000 residents within a 3-mile radius and over 100,000 within a 5-mile radius. Average household incomes within these radii are over $107,000 and $100,000 respectively. The property enjoys a prominent position on a major retail corridor experiencing over 19,000 vehicles per day, and has seen a 5.8% increase in visitor traffic over the past five years. This fee-simple ownership offers a rare chance to acquire a top-performing Staples location in a highly desirable infill site. The single-story building sits on a 1.23-acre lot. This is a unique opportunity to acquire a stable, high-performing asset with significant long-term potential.

Location Insight

City

Asheville

County

Buncombe

State

North Carolina

Latitude

35.6012

Longitude

-82.5529

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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