498B-506 Merrimon Avenue in Asheville, NC 28804
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$2,999,000
Community: Asheville in Buncombe County
Thank You!
You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here
If You Have Any Other Questions, Call Us At 1(866)858-2257
Prime corner property on a metro’s major artery in Asheville's core area. This offering includes Merrimon Ave between W.T. Weaver Blvd and Chatham Ave, and both corners are signalized. This is an assemblage of 6 parcels being sold as one offering. Traffic Count at Merrimon and Weaver Blvd is ~21,535 vpd. Existing improvements have no value in this redevelopment site. Possibles uses: retail, big box, office, mixed use of commercial, student housing, and multi-family. See Attachments for specifics on each parcel in this Assemblage. Annual Asking lease rate for new office/retail on Merrimon Ave range from $24-$43 NNN•
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Map
Directions: <p><span class="formula"><span class="field wrapped-field">Hwy 240 to North on US 25 aka Merrimon Ave to corner of Merrimon and Chatham.</span></span></p>
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Property Features
• Prime Property on one of Asheville’s main metro arteries. Great frontage on Merrimon Ave, between W.T. Weaver Blvd and Chatham, both of which are signalized intersections. This is an assemblage of 8 parcels being sold as one offering. Traffic Count on Merrimon is 21,000vpd. Existing improvements have no value in this redevelopment site. Possible uses: big box retail, student housing, office, student housing, mixed use of commercial and multi-family. Annual Asking lease rate for new office/retail on Merrimon Ave range from $24-$43/sf NNN.• 1.11 acre commercial site available for re-development
• ½ mile to UNC- Asheville, which has a student population of ~3800, and is an institution of the University of North Carolina system.
• Downtown Asheville is 1 mile south of the subject property, down Merrimon Ave. The downtown area is known for its thriving arts community and eclectic dining opportunities.
• Subject property is between 2 signalized intersections, one of which is W.T. Weaver Blvd, and is the major thoroughfare to UNCA.
• Less than 2 short miles away, lies the famed Grove Park Inn, and Grove Park Inn Country Club.
• The buildings currently on-site have been attributed with no value.
• A re-development project would lend itself well to retail; big box; office; mixed use of commercial with multi-family; and/or student housing.
• Merrimon Ave is a major artery connecting North Asheville to the downtown central business district, with a traffic count of ~ 21,000 vehicles per day.
• Merrimon Ave is known locally to be one of the city’s main commercial and retail corridors.
• Asheville has a population of ~90,000 and ~425,000 in the MSA
• Asheville is home to George W. Vanderbilt’s majestic Biltmore Estate. The downtown area is well known for its diverse architecture, galleries, burgeoning craft brew industry. It’s close proximity to the beautiful Blue Ridge Mountains make it an ideal destination for outdoor enthusiasts. Asheville is the medical stronghold for all of the western North Carolina region, Beer Capital of North Carolina and economic driver for Western North Carolina
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