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Merrimon Road Redevelopment Opportunity

502-506 Merrimon Avenue, Asheville, NC 28804

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For Sale

$486,441

Prime redevelopment site near UNC Asheville and downtown Asheville.

Type:Commercial

HighLights

Prime redevelopment opportunity at the gateway to UNC Asheville.
High‑traffic location on Merrimon Road with walkability to downtown Asheville.
Potential for mixed‑use redevelopment project.
Two‑parcel grouping on the corner of Chatham Road.
Existing early 1900s two‑story masonry building may have potential for adaptive reuse.
Can be acquired as part of a larger offering including adjacent Merrimon fronting properties.

We can help!

Listing Contact

KARL NELSON

Learn more

For Sale

$486,441

Prime redevelopment site near UNC Asheville and downtown Asheville.

Type:Commercial

Added:: Apr 21, 2026
Days on Market:: 61
Last Refresh:: Apr 22 at 11:11 am

Property Features for 502-506 Merrimon Avenue

General Information

Standard status: Active
Property subtype: Commercial

We can help!

Listing Contact

KARL NELSON

Listing agent KARL NELSON License #291784

Listing office NAI ALLEN TATE BEVERLY-HANKS COMMERCIAL

Listing date Apr 21, 2026

Source Corcoran

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 NAI ALLEN TATE BEVERLY-HANKS COMMERCIAL

HighLights

Prime redevelopment opportunity at the gateway to UNC Asheville.
High‑traffic location on Merrimon Road with walkability to downtown Asheville.
Potential for mixed‑use redevelopment project.
Two‑parcel grouping on the corner of Chatham Road.
Existing early 1900s two‑story masonry building may have potential for adaptive reuse.
Can be acquired as part of a larger offering including adjacent Merrimon fronting properties.

Overview

This unique redevelopment opportunity is prominently located on high-traffic Merrimon Road at the gateway to UNC Asheville, on the corner of Chatham Road. The two-parcel grouping offers walkability to downtown Asheville and presents an ideal opportunity for a mixed-use redevelopment project. The site can be acquired as part of a larger offering including the two adjacent Merrimon fronting properties, if desired. An existing early 1900s two-story masonry building may have potential for adaptive reuse and incorporation into a new master plan; verification is the responsibility of the buyer.

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Asheville
County: Buncombe
State: North Carolina
Longitude: -82.554947
Latitude: 35.615986

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For sale
Commercial land
NC
Asheville
28804
502-506 Merrimon Avenue

What type of property is this?

Commercial land - Prime redevelopment site near UNC Asheville and downtown Asheville.

Where is this commercial land located?

The property is located at 502-506 Merrimon Avenue Asheville, NC.

What is the asking price?

The asking price for this property is $486,441.

What are key features of this property?

This property features: Prime redevelopment opportunity at the gateway to UNC Asheville.; High‑traffic location on Merrimon Road with walkability to downtown Asheville.; Potential for mixed‑use redevelopment project.