Retail Building with Corridor
For Sale
$2,350,000
853 Merrimon Avenue, Asheville, NC 28804
SINGLE_FAMILY - Asheville, NC
Property SizeContact for details
Lot Size0.78 Acres
Days on Market240
Property Features for 853 Merrimon Avenue
General Information
Property type
Residential
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
(828) 254-9842
Listed By:
Bill Steigerwald · License #290959
(828) 460-9529
Added: Dec 16, 2025
Changed: Jun 22
Last Checked: Aug 13 at 8:06AM
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.
This offering combines two parcels totaling 0.78 acres, with 130 feet of frontage on the Merrimon corridor in North Asheville. The property is described as the Grace Building and includes additional space for parking, with a 0.31-acre lot located behind the building. The opportunity is presented as suitable for redevelopment, with renovation and repositioning considerations noted in the remarks.
According to the listing, the site benefits from exposure on Merrimon Avenue with stated traffic of 17,500 cars per day. It is described as about one mile from downtown Asheville and roughly a half-mile from UNC-A, located near the Beaver Dam and Asheville Country Club area within the Grace Neighborhood.
The property is zoned CB2, and the remarks further state zoning includes CBII and RM, indicating a range of potential uses such as retail, food and beverage and brewing, professional office, medical office, fitness, and art studios. For buyers, the asset may fit investors or owner-operators looking to reposition a retail and mixed-use site in an area characterized in the listing by walkability and proximity to major destinations. The listing also notes a pro forma suggesting a 7.5% cap rate if spaces are full at market rates, which may be reviewed during underwriting.
According to the listing, the site benefits from exposure on Merrimon Avenue with stated traffic of 17,500 cars per day. It is described as about one mile from downtown Asheville and roughly a half-mile from UNC-A, located near the Beaver Dam and Asheville Country Club area within the Grace Neighborhood.
The property is zoned CB2, and the remarks further state zoning includes CBII and RM, indicating a range of potential uses such as retail, food and beverage and brewing, professional office, medical office, fitness, and art studios. For buyers, the asset may fit investors or owner-operators looking to reposition a retail and mixed-use site in an area characterized in the listing by walkability and proximity to major destinations. The listing also notes a pro forma suggesting a 7.5% cap rate if spaces are full at market rates, which may be reviewed during underwriting.
Key Highlights
- Prime location on Merrimon Avenue in the desirable Grace Neighborhood, one mile from downtown Asheville and 1/2 mile from UNC‑A.
- High traffic volume (17,500 cars/day) and 130' of frontage on Merrimon Avenue.
- Two parcels totaling .78 acres, including a 0.31‑acre lot providing ample surface parking.
Property Analytics
Property Profile
Current Use
Lease Details
17,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Two-parcel retail building offers 130 feet of frontage on a high-traffic Asheville corridor with ample 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 $2,350,000.
What are key features of this property?
This property features: Prime location on Merrimon Avenue in the desirable Grace Neighborhood, one mile from downtown Asheville and 1/2 mile from UNC‑A.; High traffic volume (17,500 cars/day) and **130' of frontage on Merrimon Avenue.**; Two parcels totaling .78 acres, including a **0.31‑acre lot providing ample surface parking.**
