Property profile

41 Merrimon Ave Woodfin, NC 28804

OFF-MARKET
Lifestyle centers
469,577 SF 10.78 ac lot Built 2010
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Property summary

AI-generated overview

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 profile

Verified
Property type Lifestyle centers
Year built 2010
Total area 469,577 SF
Lot 10.78 ac (469,577 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Hair Salon Nail Salon
  • Bakery Specialty Food Shop
  • Wedding Service
  • Cafe & Coffee Shop

Location

41 Merrimon Ave Woodfin, NC 28804
Woodfin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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