Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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