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    181 Merrimon Ave Asheville, NC 28801

    Sponsored
    For Sale
    $1,095,000

    High-yield fourplex near downtown Asheville.

    Property size:
    3,212 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a commercially zoned fourplex situated on a sizable 0.41-acre lot in Asheville, North Carolina. The property boasts an impressive 3,212 square feet and enjoys a prime location within walking distance of downtown Asheville, Trader Joe's, Harris Teeter, and numerous popular restaurants. Its high-visibility street frontage ensures excellent exposure. Ample off-street parking is available, adding significant value and appeal. The current configuration includes two studio apartments, one spacious one-bedroom apartment with a private balcony, and a two-bedroom, two-bathroom apartment featuring a private patio and a bonus room. Each unit is equipped with its own electric meter, and all units are heated by a shared natural gas boiler. The property's zoning allows for potential conversion to various commercial uses, making it an attractive prospect for investors seeking a versatile and well-located asset in a thriving urban environment. The asking price is $1,095,000. This presents a rare chance to acquire a substantial property with significant upside potential in a highly desirable area of Asheville. The combination of residential income and commercial redevelopment possibilities makes this a truly unique investment opportunity.

    Property Features for 181 Merrimon Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,212 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1907
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant 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
    -82.55273
    Latitude
    35.60542

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield fourplex near downtown Asheville.
    Where is this commercial real estate located?
    The property is located at 181 Merrimon Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $1,095,000.
    (828) 255-7530
    Request Owner's contact information
    181 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
    181 Merrimon Ave Asheville, NC 28801
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