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    167 Merrimon Ave Asheville, NC 28801

    Sponsored
    For Lease
    Contact for pricing

    Prime 3,600 sq ft lot, single tenant.

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel, encompassing 3,600 square feet, presents a unique investment opportunity in the vibrant city of Asheville, North Carolina. Situated at 167 Merrimon Avenue, this single-tenant property offers significant potential for various commercial ventures. The lot size is 3,600 square feet, providing ample space for development or expansion. The property's location in Buncombe County, with a zip code of 28801, places it within easy reach of Asheville's thriving business district and its diverse population. The property is classified as commercial land with a single tenancy, making it an attractive option for businesses seeking a dedicated space. The total building square footage is also 3,600 square feet, suggesting the possibility of a single, substantial structure already in place or the potential for new construction tailored to specific business needs. This property's strategic location and generous size make it an ideal platform for entrepreneurs and investors seeking a foothold in Asheville's dynamic commercial landscape. The address is easily accessible and visible, offering excellent exposure for any business operating from this location. Further investigation into zoning regulations and development possibilities is encouraged to fully explore the potential of this valuable asset.

    Property Features for 167 Merrimon Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,600 SF

    HighLights

    • ±3,600 SF of commercial space available for lease in a Merrimon Ave. multi‑tenant building.
    • Signalized intersection access.
    • Delivery anticipated late 2024.
    • High‑demand location in a very competitive market.
    • Excellent proximity to Downtown Asheville, a major tourist destination.
    • Convenient access to I‑240 (84,500 ADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office 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
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.552695
    Latitude
    35.6049637

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    FAQs

    What type of property is this?
    Land - Prime 3,600 sq ft lot, single tenant.
    Where is this land located?
    The property is located at 167 Merrimon Ave Asheville, NC.
    What are key features of this property?
    This property features: ±3,600 SF of commercial space available for lease in a Merrimon Ave. multi-tenant building.; Signalized intersection access.; Delivery anticipated late 2024.
    Request Owner's contact information
    167 Merrimon Ave Asheville, NC 28801
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    Asheville, NC 28801
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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
    167 Merrimon Ave Asheville, NC 28801
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