Prime Asheville Redevelopment
853 Merrimon Avenue, Asheville, NC 28804
- Added:
- Dec 16, 2025
- Days on Market:
- 149
- Last Refresh:
- May 14 at 7:06 pm
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
MLS# 4329956
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
This property features two parcels totaling 0.78 acres with 130 feet of frontage on Merrimon Avenue in North Asheville. Situated in the heart of the desirable Grace Neighborhood, the location offers high traffic with 17,500 cars per day. It is located one mile from downtown Asheville and one-half mile from UNC-A, just south of the Beaver Dam and Asheville Country Club area, known for walkability and proximity to downtown. The Grace Building is positioned on Merrimon Avenue, offering 130 feet of frontage. The property includes a 0.31-acre lot behind the building, providing ample surface parking. With renovation or redevelopment, this property represents a long-term investment opportunity due to its location. The property is zoned CBII and RM, enabling various uses, including retail, food and beverage, brewing, professional office, medical office, fitness, and art studios. There are 5500 residences within one-half mile of this location.
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
- -82.552566
- Latitude
- 35.627497
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Two parcels totaling 0.78 acres in desirable Grace Neighborhood.
Where is this storefront 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 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.**
