Building Details

Tenancy Multi

Listing Agency: Whitney Commercial Real Estate j***@whitneycre.com Show Phone

Listed By: Jason Burk Show Phone

Source: Exprealty

Added: Sep 15, 2025 Changed: Jul 21 Last Checked: Jul 29 at 7:25PM

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Investment Insights

Based on property information with market context.

This retail suite offers 1,681 SF of open, customizable space designed as a blank canvas. The interior includes a drop ceiling, concrete floors, and a bathroom setup, with fully sprinklered space in place.

The suite is located in the Shops at Reynolds Village, a mixed-use project with retail storefronts and 200 apartment units above. The complex is described as 98.5% occupied and provides free parking directly in front of the retail shops, with convenient access to I-26 and Weaverville Road.

Multiple suites are available within the retail component of the center, supported by a nearby large recreational and fitness facility within the project.

Key Highlights

• 1,681 SF retail suite with an open‑concept layout and a blank‑canvas interior for customization
• Drop ceiling and concrete floors
• Bathroom setup included

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Butcher Nursing Home Locksmith

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

Multi-tenant

Tenancy

Yes

Sprinkler system

Yes

Highway access

NNN (Triple Net)

Lease Type

$2.85 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,857

Businesses Nearby

233k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 48% Dining 25% Shops & Services 16% Office Supplies 5%

Trader Joe's Groceries

46,740 visits/mo 0.0 miles

Harris Teeter Groceries

45,099 visits/mo 0.1 miles

Chick-fil-A Dining

41,844 visits/mo 0.1 miles

Whole Foods Market Groceries

20,347 visits/mo 0.1 miles

Shell Shops & Services

20,324 visits/mo 0.2 miles

Demographics for 28801, NC

15,148

Population

8,490

Households

1.8

Avg Household Size

39

Median Age

53%

College-Educated

93%

High-School Grad

5.1 sq mi

ZIP Area

2,970

Density / Sq Mi

$51,125

Median Household Income

$38,829

Median Earnings

$1,130

Median Rent

$481,400

Median Home Value

Market

Lease Benchmarks for Asheville, NC

$23.25 /SF/Yr

Avg Asking Price

$19–$25 /SF/Yr

Price Range

3,000 SF

Avg Space Size

This space is priced 18% below the average of $23.25 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail suite offers an open layout, drop ceiling, concrete floors, and a bathroom setup.

Where is this storefront property located?

The property is located at 105-61 N Merrimon Ave Asheville, NC.

What is the lease rate?

The lease rate is $19 SF/Yr.

What are key features of this property?

This property features: 1,681 SF retail suite with an open‑concept layout and a blank‑canvas interior for customization; Drop ceiling and concrete floors; Bathroom setup included