$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
- September 10, 2025
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 390
- Student:teacher ratio
- 13.4:1
- District
- Asheville City Schools
- Enrollment
- 623
- Student:teacher ratio
- 11.5:1
- District
- Asheville City Schools
- Enrollment
- 1,135
- Student:teacher ratio
- 13.2:1
- District
- Asheville City Schools
Walkability
Blended score for Asheville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Asheville, from live MLS data.
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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated May 12, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.