Property profile

141 Merrimon Ave Asheville, NC 28801

OFF-MARKET
Office Spaces
Property ID
US53-5792148
2,494 SF 0.35 ac lot Built 1915
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Property summary

AI-generated overview

This exceptional commercial investment opportunity encompasses two separately parceled Craftsman-style buildings situated at 141 and 143 Merrimon Avenue in Asheville, North Carolina. Boasting a combined 2,494 square feet on a 0.35-acre corner lot, these historic properties offer 180 feet of frontage on Merrimon Avenue, a high-traffic thoroughfare with 19,500 vehicles passing daily. Their strategic location at the western gateway to the Chestnut Hill Historic District provides unparalleled visibility and convenient access to downtown Asheville (just 0.4 miles away) and I-240 Exit 5A. The buildings benefit from a highly desirable location directly across from Trader Joe's and Harris Teeter, ensuring high foot traffic and brand recognition. Community Business II zoning allows for a variety of commercial or residential uses, providing flexibility for future development or adaptation. Inside, the buildings retain their original charm with hardwood floors and period details, complemented by covered porches. Twelve shared off-street parking spaces are available for tenants and occupants. This presents an ideal investment for a business owner seeking to occupy one building while generating rental income from the adjacent property. The properties are separately deeded, offering distinct ownership opportunities. Please provide 24 hours' notice for showings.

Property profile

Verified
Property type Office Spaces
Year built 1915
Total area 2,494 SF
Lot 0.35 ac (15,246 SF)
UPID US53-5792148

Cap rate & NOI

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

Location

141 Merrimon Ave Asheville, NC 28801
Asheville metro
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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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