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87 N Merrimon Avenue
Asheville NC 28804 US

$1,475,000

Active Listing ID 4439956
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Lot: 2.89 Acres
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Other

$1,475,000

Active Listing ID 4439956
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87 N Merrimon Avenue 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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Property Features

  • Facts
  • Lot Size: 2.89 Acres
  • Property Type: Land
  • Property Sub-type: Other

School Information

  • School
  • Unspecified(Elementary)
  • Unspecified(MiddleSchool)
  • Unspecified(HighSchool)

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 1475000
  • unparsedaddress: 87 N Merrimon Avenue
  • postalcity: Asheville
  • stateorprovince: NC
  • country: US
  • postalcode: 28804
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 2.89
  • lotsizeunits: Acres
  • lotsizearea: 2.89
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 35.643748
  • longitude: -82.576594
  • listagentfullname: Roshan Bhula
  • listagentemail: roshan@bhulagroup.com
  • listagentkey: 3yd-CMLSNC-81885
  • listagentmlsid: 81885
  • listagentpreferredphone: 7049040480
  • listagentofficephone: 7049040480
  • listofficekey: 3yd-CMLSNC-R06583
  • listofficemlsid: R06583
  • disclaimer: Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CMLSNC
  • listingcontractdate: 2026-11-03
  • countyorparish: Buncombe
  • parcelnumber: 9730-78-6306
  • elementaryschool: Unspecified
  • highschool: Unspecified
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.57659, 35.64375
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Bhula Realty Group", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"roshan@bhulagroup.com", "ListBrokerageCity":"Pineville", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Bhula Realty Group", "ListBrokeragePhone":"704-904-0480", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"233 Johnston Drive", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"233 Johnston Drive ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"R06583", "ListOfficeCity":"Pineville", "ListOfficeCountry":"US", "ListOfficeEmail":"bhularealestate@gmail.com", "ListOfficePostalCode":"28134", "ListOfficeStateOrProvince":"NC", "ListPriceCurrencyType":"USD", "ListingTitle":"Land, Asheville, NC", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/87-N-Merrimon-Ave_Asheville_NC_28804_M92768-34031?f=listhub&s=CMLSNC&m=4439956&c=rexren", "MLSModificationTimestamp":"2026-11-03 16:50:07", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"Lot Parcel 4", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 0
Listing Changed: 11/3/2026 5:11:36 PM GMT
Source Updated Date: 11/5/2026 12:58:06 AM GMT

Courtesy of: Roshan Bhula, Bhula Realty Group, roshan@bhulagroup.com

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.