Zoned Residential Land with
For Sale
$129,000
20 Merchant Street, Asheville, NC 28803
Residential lot in RS8 zoning with anti-erosion terraces and utility connections ready for development.
Property SizeContact for details
Days on Market307
Property Features for 20 Merchant Street
General Information
Standard status
Active
Property subtype
Lot-Land
Zoning
RS8
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
Wooded
City
0.1
Paved
City Street
Publicly Maintained Road
Listing Agency:
COMPASS
(404) 512-2712
Listed By:
Joanie Solomon
(404) 512-2712
Source:
Cdanjoyner
Added: Oct 9, 2025
Changed: Aug 8
Last Checked: Jul 3 at 1:13PM
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 COMPASS
Investment Insights
Based on property information with market context.
This residential land parcel includes two anti-erosion terraces and a newly constructed rear retaining wall, helping support future site development. The property also has direct connections in place for natural gas, electricity, cable, city recycling, and hydrant access, along with public works and frontage for a city-installed sidewalk.
The lot is set within Asheville’s Oakley neighborhood and includes mature, fruit-bearing trees, including Asian plum, apricot, and a muscadine vine. Views are described as unrestricted, and the parcel is located at approximately 2,100 feet elevation.
Per RS8 zoning, the primary structure can rise to a height of up to 40 feet. The zoning also allows an accessory dwelling unit up to 25 feet tall, described as an 800-square-foot guest house. The property is listed for sale at 20 Merchant Street, with nearby access to Biltmore Village, Whole Foods, Asheville Mall, and Oakley Park amenities.
The lot is set within Asheville’s Oakley neighborhood and includes mature, fruit-bearing trees, including Asian plum, apricot, and a muscadine vine. Views are described as unrestricted, and the parcel is located at approximately 2,100 feet elevation.
Per RS8 zoning, the primary structure can rise to a height of up to 40 feet. The zoning also allows an accessory dwelling unit up to 25 feet tall, described as an 800-square-foot guest house. The property is listed for sale at 20 Merchant Street, with nearby access to Biltmore Village, Whole Foods, Asheville Mall, and Oakley Park amenities.
Key Highlights
- 0.1‑acre wooded lot with frontage on a publicly maintained paved city street.
- RS8 zoning allows a primary structure up to 40 ft and permits an Accessory Dwelling Unit (ADU) up to 25 ft.
- Infrastructure is in place: natural gas, electricity, cable, city recycling, and hydrant access, plus city sidewalk frontage.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential lot in RS8 zoning with anti-erosion terraces and utility connections ready for development.
Where is this residential land & home lot located?
The property is located at 20 Merchant Street Asheville, NC.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 0.1‑acre wooded lot with frontage on a publicly maintained paved city street.; RS8 zoning allows a primary structure up to 40 ft and permits an Accessory Dwelling Unit (ADU) up to 25 ft.; Infrastructure is in place: natural gas, electricity, cable, city recycling, and hydrant access, plus city sidewalk frontage.
