$3,425,000

About this home

Exceptional commercial development opportunity on Merrimon Avenue (US 25) featuring an assemblage totaling 1.66 acres with approximately 300 feet of road frontage. Lots are Zoned CBI and RS8, offering a versatile mix of commercial, residential and mixed-use development potential. The site includes five existing buildings with short term leases, providing immediate rental income. Positioned in the heart of a high-traffic, primary commuter corridor, and surrounded by national retailers including Trader Joe’s, Whole Foods, and Harris Teeter, this site ensures excellent visibility and strong consumer appeal. Signalized access to Merrimon Avenue via a 35+/- foot wide curb cut on Hillside Street, and multiple curb cuts on Merrimon Avenue provide ease of ingress/egress. Strategically located less than 1 mile from Downtown Asheville, I-240 and I-26, and just 3 miles from I-40, the property offers seamless connectivity across Asheville and beyond. This rare opportunity presents investors and developers with a phenomenal chance to activate an underdeveloped site on one of Asheville’s most sought-after thoroughfares.

Property details

MLS #

CAR4300210

Property type

Free Standing Store

Subdivision

N/A

Status

Active

Days on market

244

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

N/A

Nearby schools

Within 10 miles · public school directory data (NCES)