87 N Merrimon Avenue
Asheville, NC, 28804
$1,475,000
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How we figured this
ZERO Closing Costs covers origination $1,300, appraisal $500, title & settlement $1,046, owner’s title insurance $2,765, credit, flood & data fees $160 and lower government recording fees & taxes $90, priced for Buncombe, NC with 20% down. Restrictions apply.
Hope Foster, REALTOR®
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About this home
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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Location
Property details
Important details
- Status
- Active
- Date listed
- 11/3/2026
- Time on Market
- 39 hours
- Property Type
- Land
- List Price
- $1,475,000
- Lot Size
- None listed
- County
- Buncombe
- HOA
- No
Building & lot
Building
- Property Type
- Land
Lot Info
- Parcel Number
- 9730-78-6306
Exterior Features
- Pool
- No
Parking
- Garage
- No
Ownership
Community details
School Districts
- Elementary
- Unspecified
- Middle
- Unspecified
- High
- Unspecified
Utilities
Neighborhood
- HOA
- No
- Zoning
- COMM VAC
Taxes & Assessment
- Tax Assessed Value
- $528,700
Listing information
Realty Agent
Listing Details
- Service
- Full Service
- MLS System
- CMLS
- MLS ID
- 4439956
- MLS Status
- Active
Listed by: Bhula Realty Group
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Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time.