853 Merrimon Avenue
Asheville, NC 28804
Est. $13,508/mo — See my rate
$262/Sq Ft
8,975 sqft · $262/sqft
About This Home
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.
Property Details
Interior Details
- Heating
- Forced Air
- Inclusions
- Building
- Land
- Sqftmaximumlease
- 26.00
- Sqftminimumlease
- 18.00
- Sqftavailablemaximum
- 4575
- Sqftavailableminimum
- 4575
Square Footage And Levels
- Below Grade Finished Area
- 0
Parking And Garage
- Total Parking Spaces
- 90
Exterior Features
- Roof
- Composition
- Construction Materials
- Brick Partial
- Patio And Porch Features
- Deck
Lot And Land
- Lot Features
- Level
- Lot Size Acres
- 0.78
- Lot Size Units
- Acres
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Asheville
Zoning And Restrictions
- Zoningspecification
- C B I I
Multi Unit Details
- Number Of Buildings
- 1
- Number Of Leased Units
- 5
Listed by Bill Steigerwald (828-460-9529) · Tessier Associates (828-254-9842)
Location
- Address
- 853 Merrimon Avenue
- City
- Asheville, NC 28804
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