87 N Merrimon Avenue Asheville, NC $ 1,475,000
87 N Merrimon Avenue
$ 1,475,000
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87 N Merrimon Avenue

Asheville, NC, 28804
$ 1,475,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 10,187

87 N Merrimon Avenue, Asheville, NC 28804 - Image 1
87 N Merrimon Avenue, Asheville, NC 28804 - Image 2
87 N Merrimon Avenue, Asheville, NC 28804 - Image 3
87 N Merrimon Avenue, Asheville, NC 28804 - Image 4

Lots and Land for sale in Asheville, NC

for $1,475,000. The lot size is 2.89.

This ±2.89-acre development site presents a rare opportunity to acquire a large-scale, flexible-use parcel along Asheville’s highly sought-after Merrimon Avenue corridor. Strategically positioned between Downtown Asheville and North Asheville’s established residential communities, the property offers strong visibility, accessibility, and long-term growth fundamentals. The site’s commercial zoning allows for multiple high-value development strategies, including multifamily, mixed-use, hospitality, retail, or residential concepts. With increasing demand for housing, experiential retail, and corridor-based development, this property provides developers and investors with the ability to tailor a project that aligns with market needs while maintaining optionality across asset classes. Given the limited availability of similarly sized infill sites in this location, the property stands out as a compelling opportunity for groups seeking scale, frontage, and flexibility within one of Asheville’s primary growth corridors. The configuration supports a range of site planning approaches, including density-driven multifamily projects, mixed-use environments with activated retail frontage, or phased development strategies. This offering is well-suited for developers, private equity groups, and owner-users looking to deploy capital into a high-demand market with multiple exit strategies.

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Lots and Land Active

Price

$ 1,475,000

Property Type

Lots and Land

Taxes

$ 0

Style

Lot

Lot Size

2.89

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4439956

Features
General
Sewer Tap Fee Required
Property Subtype Lot
Parcel Number 9730-78-6306
County Buncombe
Property Type Land
HOA N
Possible Use Commercial Development Multi-Family Residential
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 N/A
Tax Assessed Value 528700
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Exterior
Water Source Tap Fee Required
Lot Size Area 2.89
Road Surface Type Paved
Road Responsibility Publicly Maintained Road
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Interior
Below Grade Finished Area 0
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Internal Only
Street Number 1 87
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* Excluded Features
List By
Bhula Realty Group

Broker

Affordability Calculator

$10,187
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,187
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.
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Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
11/3/2026$1,475,000 Listed Price

Map


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87 N Merrimon Avenue, Asheville, NC, 28804 is a Lots and Land for sale at $1,475,000 with a lot size of 2.89. 87 N Merrimon Avenue has 0.0 baths. The property's zip code is 28804 which is in Asheville, NC