20 Merchant Street
Asheville, NC, 28803 $ 129,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 891
for $129,000. The lot size is 0.1.
This is a rare opportunity to secure the last of three premium plots in the center of Asheville’s Oakley neighborhood — a walkable community steeped in local history. The land and street carry the name of their original owner, L. L. Merchant, known for constructing Asheville’s tallest Gothic Revival building, The Jackson, in 1924. Designed with two anti-erosion terraces and a newly constructed rear retaining wall, this primed parcel is ready for your architectural vision. Direct connections are in place for natural gas, electricity, cable, city recycling, hydrant access, public works, and dedicated frontage for a city-installed sidewalk, meaning you can break ground without delay. In addition to the infrastructure, the land is already alive. Mature ten-year-old fruit trees — including Asian plum, apricot, and muscadine vine — produce thousands of pieces of fruit each season, making this not just a lot, but an urban orchard. The RS8 zoning unlocks extraordinary building potential that sets this lot apart from virtually anything else on the Asheville market. At 2,100 feet elevation with unrestricted views, a primary structure can rise to a full 40 feet — tall enough for a rooftop deck to capture panoramic views of Asheville’s iconic mountain sunsets over Mount Pisgah and the Blue Ridge. Better still, modern zoning also permits a separate Accessory Dwelling Unit (ADU) up to 25 feet tall, allowing an 800-square-foot guest house — flexibility that dramatically amplifies the investment value. A perfect location seals the case. Just one mile from Biltmore Village, Whole Foods, and Asheville Mall, and a five-minute walk to Oakley Park’s tennis and pickleball courts, the public library, and Oakley Elementary — and only one minute from the fire and police departments — 20 Merchant Street places you in one of the city’s most convenient and community-rooted neighborhoods. Contact me today and let’s make your dream home a reality.
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FeaturesGeneralSewer Public Sewer
Utilities Natural Gas
Property Subtype Lot
Parcel Number 9657-39-9073-00000
County Buncombe
Property Type Land
HOA N
Subdivision Name Oakley
Possible Use Residential
Directions 240 E to Exit 8 - Right on Fairview Rd. Left on Merchant St. to #20 on Left.
High School Unspecified
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Restrictions No Representation
Tax Assessed Value 92600
Listing Terms Cash Conventional
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ExteriorLot Features Wooded
Water Source City
Lot Size Area 0.1
Road Surface Type Paved
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
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* Excluded FeaturesList ByTown And Mountain RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $891
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyLots and land listings in Asheville, NC
Average List Price $492,685
Percent of Sale Price 282%
About Asheville, NC 93,508 Population
25% Since 2002
$ 48,694 Median Income
39.56 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/22/2026 | $129,000 | -7.19% | Price Down |
| 3/6/2026 | $139,000 | -4.79% | Price Down |
| 10/9/2025 | $146,000 | | Listed Price |