853 Merrimon Avenue Asheville, NC 28804
Two parcels totaling 0.78 acres in desirable North Asheville.
Type:Commercial
Property size:
8,975 SFLot size:
0.78 AcresPrice / SF:
$300/SF- Added:
- Dec 16, 2025
- Days on Market:
- 126
- Last Refresh:
- Apr 5 at 8:24 pm
Property Features for 853 Merrimon Avenue
General Information
- Standard status
- Active
- Size
- 8,975 SF
- Lot size
- 0.78 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agent BILL STEIGERWALD License #290959
Listing office TESSIER ASSOCIATES (828) 254-9842
Listing date Dec 16, 2025
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 TESSIER ASSOCIATES
Overview
Merrimon Avenue Redevelopment Opportunity
This property consists of two parcels totaling 0.78 acres with 130 feet of frontage on the Merrimon corridor in North Asheville. It presents a redevelopment or investment opportunity with high traffic volume of 17,500 cars per day. The location is in the Grace Neighborhood, one mile from downtown Asheville and half a mile from UNC-A. Situated just south of the Beaver Dam and Asheville Country Club area, the location is known for walkability and proximity to downtown. The Grace Building is located on Merrimon Avenue. Pro forma suggests a cap rate of 7.5% with spaces full at market rates. There is surface parking, especially with the included 0.31 acre lot behind the building. The property is zoned CBII and RM, enabling uses such as retail, food and beverage, brewing, professional office, medical office, fitness, and art studios. There are 5500 residences within 1/2 mile of this location. The property contains 8975 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Elite Foundation
Big Box & Wholesale Store
ATM
Atm
Ay Caramba Mexican ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5527
- Latitude
- 35.6282
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two parcels totaling 0.78 acres in desirable North Asheville.
Where is this mixed-use property located?
The property is located at 853 Merrimon Avenue Asheville, NC.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime location on Merrimon Avenue with high traffic (17,500 cars/day) and 130' of frontage.; Large .78 acre property consisting of two parcels, offering redevelopment or investment potential.; Located in the desirable Grace Neighborhood, one mile from downtown Asheville and 1/2 mile from UNC‑A.
