738 Merrimon Avenue, Asheville, NC 28804
SINGLE_FAMILY - Asheville, NC
- Added:
- Feb 7, 2025
- Days on Market:
- 493
- Last Refresh:
- Jun 15 at 5:06 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 in North Asheville on Merrimon Avenue, the asset is described as high-traffic with strong frontage. The listing also highlights convenient 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 or buyers seeking a standalone format rather than a multi-tenant suite, this building’s flexible configuration supports a range of retail and office concepts. The freestanding nature can be appealing for businesses that want direct identity and operation from a dedicated building, while its Merrimon Avenue positioning may support customer-facing uses. For investment buyers, the listing indicates the space may be suitable for investment use; interested parties should contact the listing agent for additional details on current condition and occupancy.
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
