Retail Space with Monument
For Lease
$26 SF/Yr
640 Merrimon Avenue S, Asheville, NC 28804
Floor drains accommodate food-service needs; the space does not include a hood.
Space SizeContact for details
Days on Market898
Property Features for 640 Merrimon Avenue S
General Information
Standard status
Active
Zoning
CBI
Additional Details
Space Use
Retail
Amenities
floor drains
monument sign
Building Details
Year Built
1989
Buildings
1
Listing Agency:
Tessier Associates
(828) 254-9842
Listed By:
Bill Steigerwald · License #290959
(828) 774-5535
Source:
Hickoryrealestate
Added: May 16, 2024
Changed: Oct 26
Last Checked: Oct 29 at 9:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tessier Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 640 Merrimon Avenue S in Asheville dates to 1989 and is zoned CBI. Floor drains are in place for food-service operations, but there is no hood. Parking is available, and a monument sign provides property signage.
Key Highlights
- CBI zoning
- Built in 1989
- Floor drains for food service; no hood
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 28%
Home Improvements & Furnishings 17%
McDonald's
Dining
16,533 visits/mo
0.3 miles
Shell
Shops & Services
11,915 visits/mo
0.5 miles
Wendy's
Dining
10,700 visits/mo
0.1 miles
Young Ace Hardware Of North Asheville
Home Improvements & Furnishings
9,989 visits/mo
0.5 miles
Bruegger's
Dining
8,137 visits/mo
0.2 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Asheville, NC
$25.55 /SF/Yr
Avg Asking Price
$15–$40 /SF/Yr
Price Range
4,358 SF
Avg Space Size
This space is priced 2% above the average of $25.55 /SF/Yr.
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Floor drains accommodate food-service needs; the space does not include a hood.
Where is this retail space located?
The property is located at 640 Merrimon Avenue S Asheville, NC.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: CBI zoning; Built in 1989; Floor drains for food service; no hood
