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Flat Residential Development Lot
For Sale
$399,000

2-215 Merchant St, Asheville, NC 28803

Nearly one flat acre with city water and sewer, plus a recently updated, fully livable residence.

Property SizeContact for details
Lot Size0.97 Acres
Days on Market68

Property Features for 2-215 Merchant St

General Information

Standard status Active
Lot size 0.97 Acres
Property subtype Land

Additional Details

Utilities to Site Yes
Listing Agency: Malin & Co. Realty Group, LLC
Listed By: Chad Johnson
Source: Exprealty
Added: Jun 15 Changed: Aug 8 Last Checked: Jul 20 at 2:56PM

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 Malin & Co. Realty Group, LLC

Investment Insights

Based on property information with market context.

Nearly one flat acre in Oakley offers a practical canvas for residential development. The property includes an existing, completely livable residence that has been recently updated, with the lot configuration providing flexibility for future planning. Preliminary research suggests the site may be suitable for subdivision or a cottage-style concept that incorporates the existing home, subject to buyer verification.

The property is described as not located in a designated flood hazard area. City water and sewer are available.

For buyers seeking an infill parcel with an in-place residence, this home-and-lot arrangement may allow for immediate livability while development plans are evaluated.

Key Highlights

  • Nearly one flat acre in Oakley with development potential on approximately 0.97 acres
  • City water and sewer available
  • Existing residence is completely livable and has been recently updated

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service Barber Shop 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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

339
Businesses Nearby

Demographics for 28803, NC

34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Nearly one flat acre with city water and sewer, plus a recently updated, fully livable residence.
Where is this residential land & home lot located?
The property is located at 2-215 Merchant St Asheville, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Nearly one flat acre in Oakley with development potential on approximately 0.97 acres; City water and sewer available; Existing residence is completely livable and has been recently updated
More about this property
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