Prime Development Site in
87 N Merrimon Ave, Asheville, NC 28801
2.89-acre commercial land in high-demand Asheville corridor.
Type:Land
Lot size:
2.89 Acres- Added:
- Feb 2, 2026
- Days on Market:
- 108
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 87 N Merrimon Ave
General Information
- Standard status
- Active
- Lot size
- 2.89 Acres
- Property subtype
- Land
Listing agent Roshan Bhula License #321676
Listing office Bhula Realty Group
Listing date Feb 2, 2026
Source Crexi
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 Bhula Realty Group
HighLights
- Located in the highly desirable Reynolds Mountain / Merrimon Avenue corridor of North Asheville.
- 2.89‑acre development site zoned Community Shopping, allowing a broad range of commercial uses.
- Strong market demand demonstrated by the adjacent luxury villa development with Phase I selling at $900,000+ and Phase II planned.
- Benefits from strong in‑migration, population growth, and employment expansion in the Asheville metro area.
- Proximity to Reynolds Village with high occupancy (~98.5%) and 40+ operating businesses.
- Offers strong visibility, access to I‑26, and proximity to established employment and retail nodes.
Overview
This 2.89-acre development site is located in North Asheville within the Reynolds Mountain / Merrimon Avenue corridor. This area is characterized by constrained supply and high demand. The Asheville metro area is experiencing in-migration, population growth, and employment expansion, which is driving demand for residential, mixed-use, hospitality, medical, and neighborhood retail development. Buncombe County has a limited supply of entitled commercial land due to topography, infrastructure constraints, and restrictive zoning. This has reinforced pricing power, absorption, and investor demand across North Asheville, particularly along Merrimon Avenue, a commercial corridor with traffic and retail synergy. A luxury villa development is under construction adjacent to the site, with Phase I consisting of 14 units and Phase II planned for an additional 28 villas. Reynolds Village, featuring apartments above retail, has approximately 98.5% occupancy and over 40 operating businesses. The property is zoned Community Shopping, allowing a range of commercial uses including retail, food and beverage, office, medical, hospitality, service, and flex uses, with residential density achievable through approval. The site offers visibility, access to I-26, and proximity to employment and retail nodes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.55276
- Latitude
- 35.602573
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 2.89-acre commercial land in high-demand Asheville corridor.
Where is this commercial land located?
The property is located at 87 N Merrimon Ave Asheville, NC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Located in the highly desirable Reynolds Mountain / Merrimon Avenue corridor of North Asheville.; 2.89‑acre development site zoned Community Shopping, allowing a broad range of commercial uses.; Strong market demand demonstrated by the adjacent luxury villa development with Phase I selling at $900,000+ and Phase II planned.
