INNOVATE Real Estate
Unimproved Commercial at Asheville
Unimproved Commercial at Asheville, photo 2 of 7
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7 photos

$486,441

Asheville, NC 28804
Listed by Karl Nelson · NAI Beverly-Hanks
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

A One of a kind redevelopment opportunity, prominently sited on high traffic Merrimon road. This 2 parcel grouping sits at the gateway to UNC Asheville, on the corner of Chatham Road, with walkability to downtown Asheville, and is prime for new vision. Can be acquired as part of a larger offering including the two adjacent Merrimon fronting properties, if desired. Ideal opportunity for a mixed-use redevelopment project. Existing early 1900s two story masonry building may have potential for adaptive reuse and incorporation into new master plan, buyer to verify.

Property details

MLS #
CAR4372614
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
April 21, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

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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).

Elementary
Claxton Elementary
0.58 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
390
Student:teacher ratio
13.4:1
District
Asheville City Schools
Middle
Asheville Middle
2.04 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
623
Student:teacher ratio
11.5:1
District
Asheville City Schools
High
Asheville High
2.98 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
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).

81
Highly walkable
out of 100
EPA National Walkability Index
13.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks17
Schools11
Transit stops20
Pharmacies9

Market position

How this listing compares to current activity in Asheville, from live MLS data.

On the market 0 days -- 126 fewer days than Asheville's current average of 126 days.
For reference, the median list price across 1,253 active listings in Asheville right now is $500,000.

Mortgage calculator

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Est. monthly payment
$3,079/mo
$97,288 down
$389,153 loan
Principal & interest$2,524
Property tax (est.)$405
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated April 21, 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.