853 Merrimon Avenue Asheville, NC $ 2,150,000
853 Merrimon Avenue
$ 2,150,000
Share Save

853 Merrimon Avenue

Asheville, NC, 28804
$ 2,150,000
Bedrooms-- Baths-- Sq 8,975

Monthly Estimate*

$ 14,850

853 Merrimon Avenue, Asheville, NC 28804 - Image 1
853 Merrimon Avenue, Asheville, NC 28804 - Image 2
853 Merrimon Avenue, Asheville, NC 28804 - Image 3
853 Merrimon Avenue, Asheville, NC 28804 - Image 4
853 Merrimon Avenue, Asheville, NC 28804 - Image 5
853 Merrimon Avenue, Asheville, NC 28804 - Image 6
853 Merrimon Avenue, Asheville, NC 28804 - Image 7
853 Merrimon Avenue, Asheville, NC 28804 - Image 8
853 Merrimon Avenue, Asheville, NC 28804 - Image 9
853 Merrimon Avenue, Asheville, NC 28804 - Image 10
853 Merrimon Avenue, Asheville, NC 28804 - Image 11
853 Merrimon Avenue, Asheville, NC 28804 - Image 12
853 Merrimon Avenue, Asheville, NC 28804 - Image 13
853 Merrimon Avenue, Asheville, NC 28804 - Image 14
853 Merrimon Avenue, Asheville, NC 28804 - Image 15
853 Merrimon Avenue, Asheville, NC 28804 - Image 16
853 Merrimon Avenue, Asheville, NC 28804 - Image 17

Commercial Property for sale in Asheville, NC

for $2,150,000. This 8,975 square foot building was built in 1957 on a lot size of 0.78.

A rare property, two parcels together offering .78 acres, 130' of frontage on Merrimon corridor in North Asheville. Can be a redevelopment or investment opportunity with high traffic (17,500 cars/day) in the heart of the desirable Grace Neighborhood. One mile from downtown Asheville, 1/2 mile from UNC-A. The area is just south of the very desirable Beaver Dam and Asheville Country Club area, and is known for walkability and proximity to downtown. The Grace Building is on the highly trafficked Merrimon Ave. (17,500 cars daily) with 130’ of frontage. Pro forma suggests a cap rate of 7.5% with spaces full at market rates. Plenty of surface parking especially with the included 0.31 acre lot behind the building. With some renovation and/or creative re-development, given its desirable location, this is a strong, long-hold investment. The property is zoned CBII and RM enabling a multitude of uses, including retail, food / beverage / brewing, professional office, medical office, fitness and art studios, among others. There are 5500 residences within 1/2 mile of this location.

See more

Commercial Active

Price

$ 2,150,000

Property Type

Commercial

Taxes

$ 0

Style

Retail Center

Lot Size

0.78

Year Built

1957

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4329956

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Roof Composition
Zoning CB2
Patio/Porch Features Deck
Construction Materials Brick Partial
Year Built 1957
Stories Count 2
Property Subtype Retail Center
Parcel Number 974042512900000
Gross Income 130000
Elevation 2000
Additional Parcels Description 974042710400000
County Buncombe
Net Operating Income 105000
Operating Expense 28000
New Construction N
Property Type Commercial Sale
HOA N
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 5
Additional Parcels Y/N Y
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Height No Restrictions
Tax Assessed Value 1335400
Listing Terms Cash Conventional
See more
Exterior
Lot Features Level
Water Source City
Total Parking 90
Inclusions Building Land
Lot Size Area 0.78
Number of Buildings 1
Building Area Total 8975
Road Surface Type Paved
Other Parking Paved next to building gravel in adjacent lot
Road Responsibility Publicly Maintained Road
Road Frontage 130
See more
Interior
Basement (Y/N) N
Below Grade Finished Area 0
See more
Internal Only
Street Number 1 853
See more
* Excluded Features
List By
Tessier Associates

Broker

Affordability Calculator

$14,850
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,850
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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/29/2026$2,150,000 -8.51% Price Down
6/22/2026$2,350,000 -12.96% Price Down
3/16/2026$2,700,000 -3.57% Price Down
12/16/2025$2,800,000 Listed Price

Map


See all

853 Merrimon Avenue, Asheville, NC, 28804 is a Commercial Property for sale at $2,150,000 with 8,975 sqft and a lot size of 0.78. 853 Merrimon Avenue was built in 1957. The property's zip code is 28804 which is in Asheville, NC