498- Merrimon Ave Asheville, NC 28804
- Land
- 0.31 lot acres
Current Use by Public Records
- Land
Property Details for 498- Merrimon Ave
- Lot size
- 0.31 lot acres
- Property type
- Land
Description
This exceptional 0.31-acre commercial land parcel at 498-506 Merrimon Ave in Asheville, North Carolina (Buncombe County, zip code 28804) presents a unique redevelopment opportunity. Situated on a high-traffic section of Merrimon Avenue, this property boasts over 145 feet of prominent street frontage, offering unparalleled visibility. Its strategic location at the gateway to UNC Asheville and within walking distance of downtown Asheville makes it ideal for a mixed-use development. The property is zoned CB1 and comprises four parcels. An existing two-story masonry building, dating back to the early 1900s, is present on the site. While this building may offer potential for adaptive reuse and integration into a new master plan, any such use requires verification by the buyer. This prime location and significant street frontage make this a compelling investment for developers seeking a high-impact project in a thriving Asheville neighborhood. The asking price is $885,240. This is a truly exceptional opportunity to capitalize on Asheville's dynamic growth.
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
- -82.5548
- Latitude
- 35.6158
