502 Merrimon Ave Asheville, NC 28804
- Commercial land
- 1,728 SF
- 0.07 lot acres
Current Use by Public Records
- Commercial land
Property Details for 502 Merrimon Ave
- Year built
- 1923
- Lot size
- 0.07 lot acres
- Property size
- 1,728 SF
- Zone code
- DEED DATE: 04/17/2008 DEE
- Property type
- Commercial land
- APN
- 9649-38-6063-00000
- APU
- 964938606300000
Description
This exceptional 0.13-acre commercial land parcel, located at 502 & 506 Merrimon Avenue in Asheville, North Carolina (APN: 9649-38-6076, 9649-38-6063, Zip Code: 28804), presents a unique redevelopment opportunity. Situated on a high-traffic section of Merrimon Avenue, at the gateway to UNC Asheville and the corner of Chatham Road, this property boasts excellent walkability to downtown Asheville. The site is zoned CB1 and offers potential for a mixed-use development project. The property includes two parcels and comprises an early 1900s two-story masonry building which may be suitable for adaptive reuse, though verification by the buyer is recommended. This offering can be acquired independently or as part of a larger purchase encompassing adjacent Merrimon Avenue properties. The asking price for this prime Asheville location is $621,740. This is an ideal investment for developers seeking a high-visibility location with significant potential for future growth and return.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.555
- Latitude
- 35.616
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
