Prime Development Site in
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87 N Merrimon Ave, Asheville, NC 28801
2.89-acre commercial land in high-demand Asheville corridor.
Property SizeContact for details
Lot Size2.89 Acres
Days on Market201
Property Features for 87 N Merrimon Ave
General Information
Standard status
Active
Class
A
Lot size
2.89 Acres
Property subtype
Land
Zoning
CG
Listing Agency:
Bhula Realty Group
Listed By:
Roshan Bhula · License #321676
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 21 at 10:25PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 $1,525,000.
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.
