141 Merrimon Ave Asheville, NC 28801
- Retail space
- 5,415 SF
- 0.35 lot acres
Current Use by Public Records
- Retail space
Property Details for 141 Merrimon Ave
- Year built
- 1915
- Lot size
- 0.35 lot acres
- Property size
- 5,415 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 9649-43-1659/9649-43-1755
Description
This exceptional mixed-use investment opportunity encompasses two historic Craftsman-style buildings at 141 & 143 Merrimon Avenue in Asheville, North Carolina. Boasting a combined 5,415 square feet, these two-story structures, built in 1915 and renovated in 2006, sit on a 0.35-acre corner lot at the gateway to the Chestnut Hill Historic District. The property benefits from high visibility on Merrimon Avenue (US Hwy 25), a major thoroughfare with 19,500 vehicles passing daily, and enjoys a prominent location directly across from Trader Joe's and Harris Teeter. Offering 180 feet of frontage, the buildings feature attractive period details, including hardwood floors and covered porches, and include 12 shared off-street parking spaces. The Community Business II (CBII) zoning permits a wide range of business and residential uses, making this an ideal owner-user opportunity, allowing for simultaneous occupancy and investment potential. The buildings are separately parceled (APN: 9649-43-1659/9649-43-1755). Conveniently located just 0.4 miles from Downtown Asheville and I-240 Exit 5A, and approximately 14.7 miles from Asheville Regional Airport (AVL), this property presents a rare chance to acquire a significant commercial asset in a thriving Asheville neighborhood. The asking price is $1,995,000. Twenty-four-hour notice is required for showings.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.553203453208
- Latitude
- 35.604204724603
