181 Merrimon Ave Asheville, NC 28801
- Commercial real estate
- 3,212 SF
- 0.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 181 Merrimon Ave
- Year built
- 1907
- Lot size
- 0.41 lot acres
- Property size
- 3,212 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a commercially zoned fourplex situated on a sizable 0.41-acre lot in Asheville, North Carolina. The property boasts an impressive 3,212 square feet and enjoys a prime location within walking distance of downtown Asheville, Trader Joe's, Harris Teeter, and numerous popular restaurants. Its high-visibility street frontage ensures excellent exposure. Ample off-street parking is available, adding significant value and appeal. The current configuration includes two studio apartments, one spacious one-bedroom apartment with a private balcony, and a two-bedroom, two-bathroom apartment featuring a private patio and a bonus room. Each unit is equipped with its own electric meter, and all units are heated by a shared natural gas boiler. The property's zoning allows for potential conversion to various commercial uses, making it an attractive prospect for investors seeking a versatile and well-located asset in a thriving urban environment. The asking price is $1,095,000. This presents a rare chance to acquire a substantial property with significant upside potential in a highly desirable area of Asheville. The combination of residential income and commercial redevelopment possibilities makes this a truly unique investment opportunity.
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
- -82.55273
- Latitude
- 35.60542
