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502-506 Merrimon Ave.
0.13 Acres of Commercial Land Offered at $621,740 in Asheville, NC 28804
Executive Summary
This 2 parcel grouping sits at the gateway to UNC Asheville, on the corner of Chatam 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.
Property Facts
| Price | $621,740 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Price | $621,740 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.13 AC |
1 Lot Available
Lot
| Price | $621,740 | Lot Size | 0.13 AC |
| Price Per AC | $4,782,615.38 |
| Price | $621,740 |
| Price Per AC | $4,782,615.38 |
| Lot Size | 0.13 AC |
Corner, flood plain
Description
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.
zoning
| Zoning Code | CB1 |
| CB1 |
Presented by
502-506 Merrimon Ave.
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