502-506 Merrimon Avenue Asheville, NC $ 621,740
502-506 Merrimon Avenue
$ 621,740
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502-506 Merrimon Avenue

Asheville, NC, 28804
$ 621,740
Baths0.0

Monthly Estimate*

$ 4,343

502-506 Merrimon Avenue, Asheville, NC 28804 - Image 1
502-506 Merrimon Avenue, Asheville, NC 28804 - Image 2
502-506 Merrimon Avenue, Asheville, NC 28804 - Image 3
502-506 Merrimon Avenue, Asheville, NC 28804 - Image 4
502-506 Merrimon Avenue, Asheville, NC 28804 - Image 5
502-506 Merrimon Avenue, Asheville, NC 28804 - Image 6
502-506 Merrimon Avenue, Asheville, NC 28804 - Image 7
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Studio

Commercial Property for sale in Asheville, NC

for $621,740. The lot size is 0.13.

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.

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Commercial Active

Price

$ 621,740

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Unimproved Commercial

Lot Size

0.13

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4099867

Features
General
Sewer Public Sewer
Zoning CBI
Construction Materials Brick Partial
Property SubType Unimproved Commercial
County Buncombe
New Construction N
Property Type Commercial Sale
Possible Use Commercial
City Asheville
Street Name Merrimon
Virtual Tour https://youtu.be/g-iDbR4ctkE
Standard Status Active
Restrictions No Representation
Tax Assessed Value 179600
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Exterior
Lot Features Corner Lot Flood Plain/Bottom Land Infill Lot
Water Source City
Inclusions Building Land
Lot Size Area 0.13
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type 4 Lane Highway City Street State Highway
Road Responsibility Publicly Maintained Road
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Nai Allen Tate Beverly-Hanks Commercial

Broker

Affordability Calculator

$4,343
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,343
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/11/2024$621,740 Listed Price

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502-506 Merrimon Avenue, Asheville, NC, 28804 is a Commercial Property for sale at $621,740 with a lot size of 0.13. 502-506 Merrimon Avenue is a studio with 0.0 baths. The property's zip code is 28804 which is in Asheville, NC