738 Merrimon Avenue, Asheville, NC 28804
SINGLE_FAMILY - Asheville, NC
- Added:
- Feb 7, 2025
- Days on Market:
- 514
- Last Refresh:
- Jul 6 at 2:06 pm
Property Features for 738 Merrimon Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Parking
- 5
- Basement
- Storage Space
- Standard status
- Active
- APN
- 9740-30-8932-00000
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- DIST:9 CITY/MUNI/TWP:CITY OF ASHEVILLE DEED DATE:03/15/2016 DEED:5405-0453 SUBDIV:JW NICHOLS PROP LOT:PT LT 5 PLAT:0001-0036 MAP REF:MB 1 PG 36
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2000
Listing agent Dora Liao License #292604 (828) 776-3958
Listing office EXP Realty LLC 16 Biltmore Ave Suite #300, Charlotte, NC (888) 584-9431
Listing date Feb 7, 2025
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic location on Merrimon Avenue in North Asheville.
- Freestanding, unique round building with high visibility.
- Versatile 2,210 sq ft space suitable for retail, office, or investment.
- Convenient access to downtown Asheville and I‑240.
- Proximity to major amenities (Ingles, Post Office, Truist Bank).
- Built in 2000 with central heating and air.
Overview
Located on Merrimon Avenue in North Asheville, the building benefits from a high-traffic setting and convenient access to the broader Asheville area. Public remarks note proximity to major nearby amenities including Ingles Market, the U.S. Post Office, and Truist Bank, with access to downtown Asheville and I-240.
For tenants, buyers, or operators seeking a standalone location with adaptable space for retail or office, this property offers a distinctive freestanding presence and direct street frontage. Its visibility and convenient access to established amenities along Merrimon Avenue can support a wide range of day-to-day business needs. Please contact the listing agent for additional details on the space and fit for your specific use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $25.32 |
| − Vacancy | −$1.3k | −$0.58 |
| EGI | $54.7k | $24.74 |
| − OpEx | −$13.7k | −$6.18 |
| NOI | $41.0k | $18.55 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Ditsy Flowers — 65 Merrimon Ave #1232, Asheville, NC 28801
- Shady Grove Flowers — 65 N Lexington Ave, Asheville, NC 28801
- Bloomin' Art — 60 Haywood St, Asheville, NC 28801
- Studio Flora Diva Inc — 1 Page Ave #112-H, Asheville, NC 28801
- Thoughtfully Curated — 1 Cherokee Rd, Asheville, NC 28801
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.554754
- Latitude
- 35.623947
