4
See all 4 photos
$1,475,000
Est. payment /mo
2.89 Acres Lot
New
87 N Merrimon AVE Asheville, NC 28804
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4439956
Lot Size 2.890 Acres
Acres 2.89
Property Sub-Type Lot
Property Description
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.
Location
State NC
County Buncombe
Zoning COMM VAC
Exterior
Street Surface Paved
Building
Sewer Tap Fee Required
Water Tap Fee Required
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Special Listing Condition None
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Roshan Bhula • Bhula Realty Group • roshan@bhulagroup.com
Nearby Locations
GET MORE INFORMATION