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    41 Merrimon Ave Woodfin, NC 28804

    For Lease
    $17 SF/Yr

    North Asheville retail spaces available

    Lot size:
    469,577 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional four-story, Class B retail center in Woodfin, NC, offers 40 suites totaling 469,577 square feet. Built in 2010, the property boasts 320 parking spaces and sits on 10.78 acres (APN: 9730-77-6740, Zoning: CS). Currently, multiple suites ranging from 1,200 to 2,442 square feet are available. Located in the Shops at Reynolds Village, this thriving mixed-use development benefits from a built-in customer base of nearly 98.5% occupied apartment units above the retail spaces. Its convenient location near I-26 and Weaverville Road, coupled with the presence of a YMCA and diverse existing businesses, creates a synergistic and walkable environment. Free parking is available directly in front of the shops, ensuring easy access for customers. This property presents a unique opportunity for businesses seeking a vibrant and established retail location in a rapidly growing area of North Asheville.

    Property Features for 41 Merrimon Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    469,577 SF
    Class
    B
    Total Rate
    684799.79

    Building Details

    Year Built
    2010
    Stories
    4

    Unit(s) available at that property

    Space
    50-103/105
    Size
    2,442 SF
    Rate per SF
    $17
    Space
    51-105
    Size
    1,200 SF
    Rate per SF
    $17
    Space
    50 - 101
    Size
    2,150 SF
    Rate per SF
    $25

    HighLights

    • Class B, four‑story retail center totaling 469,577 square feet with 40 suites.
    • Multiple suite sizes available, ranging from 1,200 to 2,442 square feet.
    • Excellent visibility and accessibility from I‑26 (80,000+ VPD).
    • Located in the Shops at Reynolds Village, a thriving mixed‑use development with nearly 98.5% occupied residential units.
    • Situated in growing North Asheville, near I‑26 and Weaverville Road, with ample free parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thomas Family Chiropractic Chiropractor Pop of Color Asheville Beauty Salon Sea Of Sweets Bakery Bakery EdenHouse, LLC. Wedding Service Light Side Coffee ... Coffee Shop

    Suggested Use

    Restaurant Dental Office Realty agency Law Firm Hair Salon Spa & Massage Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodfin
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.57636896
    Latitude
    35.64095556

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    • Contact for pricing
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      Asheville Commercial Land Opportunity

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      Prime Office Space Available

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    FAQs

    What type of property is this?
    Lifestyle center - North Asheville retail spaces available
    Where is this lifestyle center located?
    The property is located at 41 Merrimon Ave Woodfin, NC.
    What is the lease rate?
    The lease rate is $17-$25 SF/Yr.
    What are key features of this property?
    This property features: Class B, four-story retail center totaling 469,577 square feet with 40 suites.; Multiple suite sizes available, ranging from 1,200 to 2,442 square feet.; Excellent visibility and accessibility from I-26 (80,000+ VPD).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41 Merrimon Ave Woodfin, NC 28804
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