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    853 Merrimon Ave Asheville, NC 28804

    Sponsored
    For Sale
    $2,800,000

    SINGLE_FAMILY - Asheville, NC

    Type:Retail
    Lot size:
    0.78 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 7 at 10:06 pm

    Property Features for 853 Merrimon Ave

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    CB2
    APN
    974042512900000
    Parking
    90
    Patio and Porch features
    Deck
    Lot size
    0.78 Acres

    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

    Tessier Associates (828) 551-0447 [email protected]

    Listing agent Bill Steigerwald (828) 460-9529

    Listing date Dec 16, 2025

    Copyright © 2025 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.

    Overview

    Merrimon Avenue Retail Investment Opportunity

    This property, located on Merrimon Avenue in Asheville, North Carolina, presents a long-term investment opportunity due to its location, established businesses, vehicle traffic, and ground area, which includes an adjacent lot. It is situated one mile from downtown and half a mile from UNC-A. The property is zoned CB2 and has a lot size of 0.78 acres. The second floor has a vacant area that, with some investment in wiring and cosmetics, could be rented to add to the property's performance. Current lease rates are under market value and do not include taxes and insurance, though extensions are available to tenants. This property is suitable for retail and shopping center use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elite Foundation Wholesaler ATM Atm Ay Caramba Mexican ... Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM, Merrimon Square, Citizen's Plaza, Edgewood Crossing, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.552566
    Latitude
    35.627497

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    FAQs

    What type of property is this?
    Shopping center - Retail property with established businesses and high traffic location.
    Where is this shopping center located?
    The property is located at 853 Merrimon Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Strong investment potential due to location, established businesses, high vehicle traffic, and large ground area with adjacent lot.; - Close proximity to downtown (1 mile) and UNC-A (1/2 mile).; - Opportunity to increase rental income by renovating and leasing the vacant second-floor area.
    (828) 460-9529
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    853 Merrimon Ave Asheville, NC 28804
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