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Storefront Property with Surface Parking
For Sale
$2,150,000

853 Merrimon Avenue, Asheville, NC 28804

Commercial Sale, Asheville, NC

Property SizeContact for details
Lot Size0.78 Acres
Days on Market289

Property Features for 853 Merrimon Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Zoning CB2
Zoning description CBII
Parking 90
Patio and Porch features Deck
Lot features Level
Standard status Active
APN 974042512900000
Lot size 0.78 Acres

Taxes and HOA fees

Tax Description 0.47 acres with 10913 sf, two-story building, plus 0.3 acre adjacent lot
Legal Description 0.47 acres with 10913 sf, two-story building, plus 0.3 acre adjacent lot

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1957
Floors in Building 2
Building materials Brick Partial
Roof type Composition
Listing Agency: Tessier Associates
Listed By: Bill Steigerwald · License #290959
Added: Dec 16, 2025 Changed: Sep 29 Last Checked: Oct 1 at 7:06AM
MLS# 4329956

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The property comprises two parcels totaling 0.78 acres, with an existing building constructed in 1957 and a separate 0.31-acre lot behind it. Building features include partial brick construction, forced-air heat, central air, a deck, and public sewer service.

The site has 130 feet of frontage along Merrimon Avenue, where reported daily traffic is 17,500 vehicles. It is one mile from downtown Asheville and one-half mile from UNC-Asheville. The property is also within one-half mile of 5,500 residences.

Key Highlights

  • Two parcels totaling 0.78 acres
  • 130 feet of frontage on Merrimon Avenue; reported traffic is 17,500 vehicles daily
  • Includes a 0.31‑acre rear lot and surface parking

Property Analytics

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Current Use

Elite Foundation Big Box & Wholesale Store ATM Atm Ay Caramba Mexican ... Restaurant

Suggested Use

Top Pick Building Supply Electrical Service HVAC Service Plumbing Service Hair Salon Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17,500 VPD
Traffic count
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

734
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 39% Dining 28% Shops & Services 24% Home Improvements & Furnishings 9%
Ingles Groceries
34,854 visits/mo 0.3 miles
The Fresh Market Groceries
19,343 visits/mo 0.2 miles
McDonald's Dining
16,533 visits/mo 0.2 miles
Young Ace Hardware Of North Asheville Home Improvements & Furnishings
9,989 visits/mo 0.1 miles
Petco Shops & Services
8,340 visits/mo 0.3 miles

Demographics for 28804, NC

23,964
Population
11,716
Households
2
Avg Household Size
44
Median Age
60%
College-Educated
93%
High-School Grad
28.7 sq mi
ZIP Area
835
Density / Sq Mi
$79,709
Median Household Income
$37,169
Median Earnings
$1,399
Median Rent
$528,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - A two-parcel commercial holding combines an existing building with an additional rear lot and surface parking.
Where is this storefront property located?
The property is located at 853 Merrimon Avenue Asheville, NC.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Two parcels totaling 0.78 acres; 130 feet of frontage on Merrimon Avenue; reported traffic is 17,500 vehicles daily; Includes a 0.31‑acre rear lot and surface parking
More about this property
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