498 Merrimon Ave Asheville, NC 28804
- Retail space
- 2,630 SF
- 0.06 lot acres
Current Use by Public Records
- Infinity Group / Financial Planner
Property Details for 498 Merrimon Ave
- Year built
- 1949
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.06 lot acres
- Property size
- 2,630 SF
- Zone code
- DEED DATE: 11/17/1993 DEE
- Property type
- Retail space
- APN
- 9649-37-6942-00000
- APU
- 964937694200000
Description
This exceptional 0.31-acre commercial land parcel presents a unique redevelopment opportunity in Asheville, North Carolina. Located at 498-506 Merrimon Avenue, this property boasts an impressive 145+ feet of high-visibility frontage on a major thoroughfare. The site is strategically positioned at the gateway to UNC Asheville, offering convenient walkability to downtown Asheville. The property consists of four parcels (APN: 9649-37-5600, 9649-38-6060, 9649-38-6063, 9649-38-6076) zoned CB1, making it ideal for a mixed-use development project. An existing two-story masonry building, dating back to the early 1900s, is situated on the property and may offer potential for adaptive reuse, subject to buyer verification and incorporation into a new master plan. This prime location, combined with its significant street frontage and zoning, presents an unparalleled chance to create a thriving commercial development in a vibrant and growing area. The asking price for this exceptional opportunity is $885,240. This is a rare chance to acquire a substantial piece of Asheville real estate with significant potential for future growth and return on investment. All information is deemed reliable but not guaranteed. Buyer is responsible for verifying all information.
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
- -82.555
- Latitude
- 35.6157
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
