640 Merrimon Ave, Asheville, NC 28804-3400
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE:04/09/2018 DEED · Asheville, NCAsheville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.