853 Merrimon Avenue, Asheville, NC 28804
- Added:
- Dec 16, 2025
- Days on Market:
- 197
- Last Refresh:
- Jul 1 at 1:06 am
Property Features for 853 Merrimon Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- CB2
- Parking
- 90
- Patio and Porch features
- Deck
- Standard status
- Active
- APN
- 974042512900000
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Description
- 0.47 acres with 10913 sf, two-story building, plus 0.3 acre adjacent lot
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1957
- Floors in Building
- 2
- Building materials
- Brick Partial
- Roof type
- Composition
Listing agent Bill Steigerwald License #290959 (828) 460-9529
Listing office Tessier Associates 33 Patton Avenue, Ste 201, Asheville, NC (828) 254-9842
Listing date Dec 16, 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
- Prime location on Merrimon Avenue in the desirable Grace Neighborhood, one mile from downtown Asheville and 1/2 mile from UNC‑A.
- High traffic volume (17,500 cars/day) and 130' of frontage on Merrimon Avenue.
- Two parcels totaling .78 acres, including a 0.31‑acre lot providing ample surface parking.
- Zoned CBII and RM, enabling a multitude of uses including retail, office, and residential.
- Redevelopment or investment opportunity with potential for a 7.5% cap rate at market rates.
- Proximity to a high density of residences (5500 within 1/2 mile).
Overview
According to the listing, the site benefits from exposure on Merrimon Avenue with stated traffic of 17,500 cars per day. It is described as about one mile from downtown Asheville and roughly a half-mile from UNC-A, located near the Beaver Dam and Asheville Country Club area within the Grace Neighborhood.
The property is zoned CB2, and the remarks further state zoning includes CBII and RM, indicating a range of potential uses such as retail, food and beverage and brewing, professional office, medical office, fitness, and art studios. For buyers, the asset may fit investors or owner-operators looking to reposition a retail and mixed-use site in an area characterized in the listing by walkability and proximity to major destinations. The listing also notes a pro forma suggesting a 7.5% cap rate if spaces are full at market rates, which may be reviewed during underwriting.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.552566
- Latitude
- 35.627497
