For Sale

Listed by Roshan Bhula

Source: Carolina Multiple Listing Services, Inc. #4439956

87 North Merrimon Avenue, Asheville, NC, 28804

$1,475,000

2.89 ac.

Land

•

What's around 87 North Merrimon Avenue

About this property

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.

Looking for more information on 87 North Merrimon Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$95,000
3/99999 Massey Road
Woodfin NC 28804
Land
Listing courtesy of Town and Mountain Realty
For Sale
$75,000
4/99999 Nelon Road
Woodfin NC 28804
Land
Listing courtesy of Town and Mountain Realty
For Sale
$220,000
215 Macedonia Road
Asheville NC 28804
Land
Listing courtesy of Olivette Realty LLC

Other properties for sale by Bhula Realty Group

For Sale
$660,000
7431 Folger Drive
Charlotte NC 28226
3
2
Single-Family
Listing courtesy of Bhula Realty Group
For Sale
$349,000
914 Springdale Lane
Gastonia NC 28052
4
3
1
Single-Family
Listing courtesy of Bhula Realty Group
For Sale
$574,500
12804 Heath Grove Drive
Huntersville NC 28078
5
4
4
Single-Family
Listing courtesy of Bhula Realty Group

Browse properties sold in nearby areas

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. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent