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Property profile

319 Merrimon Ave Asheville, NC 28801

OFF-MARKET
Breweries
Property ID
US53-1233813
6,547 SF 0.4 ac lot Built 1925
Individually Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This unique 4,000 square foot space offers a fantastic opportunity in downtown Lancaster. Located on the lower level of a historic building, this single-tenant property boasts a secure environment with 9-foot ceilings. The space is completely dry, freshly painted, and sealed, providing a clean and functional area. A private restroom is included for convenience. The lease agreement includes utilities and electricity, unless significant usage necessitates separate metering. This makes it an excellent choice for secure storage needs. Ample paved parking is available on-site, ensuring easy access and convenience for tenants and their clients. The property is classified as Office, Industrial, and Special Purpose, offering flexibility for a variety of uses. The total building size is 21,600 square feet, with 4,000 square feet currently available. The building is situated in Fairfield County. This versatile space combines the character of a historic building with modern conveniences, making it an attractive option for businesses seeking a unique and functional location in a vibrant downtown setting. The open layout provides flexibility for customization to meet specific tenant requirements. The combination of warehouse, creative office, and flex space classifications highlights the adaptability of this property.

Property profile

Verified
Property type Breweries
Use group DISTILLERY, BREWERY, BOTTLING
Year built 1925
Construction BRICK
Total area 6,547 SF
Lot 0.4 ac (17,424 SF)
Zoning code DEED DATE: 01/07/1982 DEE
APN 9649-35-8802-00000
UPID US53-1233813

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$575k

Owner & transaction history

since 2024
4 recorded transactions
2025
Price N/A
2024
$1.6M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DEED DATE: 01/07/1982 DEE · Asheville, NC
Top alternative use upside
Medical building $1.5M +39.6%
Retail stores $1.2M +16.2%
Office building $1.2M +14.5%

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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