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    141 Merrimon Ave Asheville, NC 28801

    Sponsored
    For Sale
    $875,000

    Prime location, high visibility, dual buildings.

    Property size:
    2,494 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial investment opportunity encompasses two separately parceled Craftsman-style buildings situated at 141 and 143 Merrimon Avenue in Asheville, North Carolina. Boasting a combined 2,494 square feet on a 0.35-acre corner lot, these historic properties offer 180 feet of frontage on Merrimon Avenue, a high-traffic thoroughfare with 19,500 vehicles passing daily. Their strategic location at the western gateway to the Chestnut Hill Historic District provides unparalleled visibility and convenient access to downtown Asheville (just 0.4 miles away) and I-240 Exit 5A. The buildings benefit from a highly desirable location directly across from Trader Joe's and Harris Teeter, ensuring high foot traffic and brand recognition. Community Business II zoning allows for a variety of commercial or residential uses, providing flexibility for future development or adaptation. Inside, the buildings retain their original charm with hardwood floors and period details, complemented by covered porches. Twelve shared off-street parking spaces are available for tenants and occupants. This presents an ideal investment for a business owner seeking to occupy one building while generating rental income from the adjacent property. The properties are separately deeded, offering distinct ownership opportunities. Please provide 24 hours' notice for showings.

    Property Features for 141 Merrimon Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,494 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1915
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.55284
    Latitude
    35.60411

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, high visibility, dual buildings.
    Where is this office property / space located?
    The property is located at 141 Merrimon Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $875,000.
    (828) 665-9085
    Request Owner's contact information
    141 Merrimon Ave Asheville, NC 28801
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    Asheville, NC 28801
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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
    141 Merrimon Ave Asheville, NC 28801
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