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Listed price in listed location currency (USD).
$2,700,000

0090

MLS® 4329956

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 125
Lot Size 
Approx. Age 1957
MLS® Number 4329956

Property Address: 853 Merrimon Ave, Asheville, NC, 28804-2404

Average square foot calculated using Size range provided by listing agent.

Description

A rare property, two parcels together offering .78 acres, 130' of frontage on Merrimon corridor in North Asheville. Can be a redevelopment or investment opportunity with high traffic (17, 500 cars/day) in the heart of the desirable Grace Neighborhood. One mile from downtown Asheville, 1/2 mile from UNC-A. The area is just south of the very desirable Beaver Dam and Asheville Country Club area, and is known for walkability and proximity to downtown. The Grace Building is on the highly trafficked Merrimon Ave. (17, 500 cars daily) with 130’ of frontage. Pro forma suggests a cap rate of 7.5% with spaces full at market rates. Plenty of surface parking especially with the included 0.31 acre lot behind the building. With some renovation and/or creative re-development, given its desirable location, this is a strong, long-hold investment. The property is zoned CBII and RM enabling a multitude of uses, including retail, food / beverage / brewing, professional office, medical office, fitness and art studios, among others. There are 5500 residences within 1/2 mile of this location.
MLS® Number4329956
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1957
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 16, 2025List Date
$2,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
853 Merrimon Ave, Asheville, NC

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