640 Merrimon Ave Asheville, NC 28804-3400
Property profile & analytics
640 Merrimon Ave Asheville, NC 28804-3400
- Commercial real estate
- 26,075 SF
- 1.30 lot acres
Property ID
US53-0142138
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Vapor World - North Asheville / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
- Romeo's Vegan Burgers / Restaurant
- Merrimon Square / Shopping Center & Mall
- Octopus Garden Smoke Shop / (Bike/Boat/Book/etc) Store
- Asheville Raven and Crone / Metaphysical Supply Store / Book Store
Property Details for 640 Merrimon Ave
- Year built
- 1989
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.30 lot acres
- Property size
- 26,075 SF
- Zone code
- DEED DATE:04/09/2018 DEED
- Property type
- Commercial real estate
- APN
- 9649-39-7736-00000
- APU
- 964939773600000
Description
This exceptional commercial property, located at 640 Merrimon Ave, Asheville, NC 28804, offers 24,720 square feet of versatile space in a high-traffic location. The building, constructed in 1989, features a single two-story structure situated on 1.3 acres of land. Currently, 1,350 square feet of space is available, divisible into units as small as 1,350 square feet (or combined for 2,700 square feet). The property is zoned Commercial C and boasts ample free surface parking, a significant advantage in this bustling area. The second-story space offers excellent visibility from an exterior corridor. One portion of the available space includes existing kitchen equipment and floor drains, making it suitable for various food service or retail uses. This prime location on Merrimon Avenue, a major north-south artery in Asheville, sees over 21,000 vehicles daily. Its proximity to the UNC-Asheville campus entrance and surrounding dense residential areas ensures a consistent flow of potential customers. A large monument sign provides excellent branding opportunities. The property's address is 640 Merrimon Ave, with a cross street of Edgemont Rd., and its APN is 964939773600000. This property presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving Asheville submarket.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,302,000
- AI Estimate
- $6,302,000
Market price range: $3.12M - $10.7MMarket price range: $3.12M - $10.7M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,285,000 Current use
- RESTAURANT
- $9,775,000 Change: +56% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,685,000 Change: +6% Conversion: Difficult
- MEDICAL BUILDING
- $5,885,000 Change: -6% Conversion: Easy
- RETAIL STORES
- $5,250,000 Change: -16% Conversion: Easy
- OFFICE BUILDING
- $5,030,000 Change: -20% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5549
- Latitude
- 35.6207
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$43,516
$0.00
$0.00
$4,212,200
-
$1,557,300
$2,654,900
$4,212,200
