181 Merrimon Avenue

Asheville, NC 28801

MLS#: 4198938

$998,000

Status: Active
Listing number: 4198938
Listing provided by: Appalachian Realty Associates
Listing agent phone: None
Last update: 6 months ago
On site: 1 year, 6 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1907

Sq.Footage

3,212

INVESTMENT OPPORTUNITY near downtown Asheville! Commercially zoned four-plex walking distance to downtown, Trader Joes, Harris Teeter and several great restaurants. Given its tremendous street exposure on a large .41 acre lot and plenty of off street parking, this property could be converted to commercial use. There are two studio apartments, one large bedroom apartment with private balcony and a two-bedroom/two-bath apartment with private patio and bonus room. All units have their own electric meter and run off the same natural gas boiler.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Hot Water, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Driveway

  • Pool

    No

  • View

    City

Area & Lot

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $998,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Pillar/Post/Pier

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Buncombe

Elementary School

Middle School

High School

Listing Courtesy of Gray Tolson , Appalachian Realty Associates

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Jen Audier

Agent | Team Lead

Jen Audier

Call Jen today to schedule a private showing.

(586) 484-2526

(803) 715-3726

jen@prestinoadvantage.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
INVESTMENT OPPORTUNITY near downtown Asheville! Commercially zoned four-plex walking distance to downtown, Trader Joes, Harris Teeter and several great restaurants. Given its tremendous street exposure on a large .41 acre lot and plenty of off street parking, this property could be converted to commercial use. There are two studio apartments, one large bedroom apartment with private balcony and a two-bedroom/two-bath apartment with private patio and bonus room. All units have their own electric meter and run off the same natural gas boiler.

181 Merrimon Avenue

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Prestino Advantage via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

This one checks all the boxes. Positioned on one of downtown Asheville’s busiest retail streets in the historic Jenkins Building, this retail/office condo has great visibility, natural light, a thoughtful, flexible layout, high quality finishes, and parking. Generous storage (1,234 SF storage room on lower level) and two dedicated interior parking spaces (accessed via a roll-up garage door from the rear alley) make this condo a practical choice for an array of businesses. This premier location benefits from consistent pedestrian traffic and year-round tourism, benefiting from hospitality neighbors including The Windsor Boutique Hotel, Kimpton Hotel Arras, and AC Hotel Asheville Downtown. Space available for owner occupant or new tenant from January 6, 2027.
#4370616

Asheville

32 Broadway Street 120

None Beds

None Baths

N/A

$975,000

MLS#: 4370616

Introducing 71 Thompson St, Asheville, NC, a +/- .93-acre redevelopment opportunity in the heart of Biltmore Village, heavily impacted by hurricane Helene, and ready for new, creative redevelopment vision. This 5-parcel assemblage is located with the River zoning district, as well as the "All" hotel overlay district, making for a unique redevelopment opportunity in a central Biltmore Village location. With over 300 feet of road frontage on Thompson Street, easy access to downtown Asheville, and walking distance to the Biltmore estate, this expansive property offers an exceptional opportunity for investors looking to lead the charge in bringing new life and creative redevelopment into the core of Biltmore Villages post Helene recovery.
#4208180

Asheville

71 Thompson Street

None Beds

None Baths

N/A

$975,000

MLS#: 4208180

HISTORIC CHARMER SEEKS LOVING NEW OWNER. Beautiful, 7-unit building in Kenilworth on a flat lot with loads of architectural personality. Have you been looking for a cool investment property in a prime location? This is the one! Centrally located near schools, hospitals, downtown Asheville, and Biltmore Village. Complete with a coin laundry, common spaces, and off-street parking. It's an elegant and distinguished building with solid 'bones' that's ready for its next chapter in ownership!
#4301646

Asheville

15 Grindstaff Drive

None Beds

None Baths

4,876 Sq.Ft.

$999,000

MLS#: 4301646

Positioned in the heart of West Asheville’s vibrant Haywood Road corridor, this charming 5-unit multifamily property offers investors a rare opportunity in one of Asheville’s most walkable and desirable neighborhoods. Residents are steps from Haywood Road’s restaurants, bars, breweries, galleries, retail, and everyday conveniences, supporting strong tenant demand and long-term rental appeal. The property features timeless charm and character, including a covered porch and balcony, along with ample on-site parking—an important advantage in this urban corridor. With existing income and upside potential to add a 6th unit, the asset presents a compelling value-add opportunity in a high-demand submarket.
#4383809

Asheville

891 Haywood Road

None Beds

None Baths

N/A

$985,000

MLS#: 4383809

In Biltmore Township bordering Fairview Township.. Located on 5 lane Hwy 74A Scenic Highway and Cedar Mountain Road. 3 miles to I 40, I 240, Blue Ridge Parkway & Asheville. Total of 1800 feet of road frontage (900 feet on Hwy 74A, 600 feet on Cedar Mountain Road and 300 feet on Atherton. Public water with fire hydrants on all three roads. Public sewer with 97,500 gallons per day allocation for 250,000 sf of commercial and 800 bedrooms, gas, electric, cable phone on prime corner location at the top of Minehole Gap with over 20,000 cars per day. Double access curb cut on 5 lane Hwy 74A. Long range views. Previously under contract for $1,100,000 for assisted living facility. Owner Broker would consider joint venture. Price lowered another $60,000.
#3637875

Asheville

10 acres Charlotte Highway

None Beds

None Baths

N/A

$839,000

MLS#: 3637875

Is this the most interesting property available in Asheville? Even without the eclectic furnishings (some of which are available), the unique and versatile layout lends itself to a variety of uses: single-family, multifamily, rental, live/work, artist studio, retail/commercial, or a mix. Zoning is the rare and coveted Neighborhood Business. So many extraordinary touches and endless customizations make it special, showing the high quality and thoughtful design. The studio apartment is being left fully furnished/turnkey and has been a reliable rental at $1800+ per month. Second floor living area has been rented for $2600+ per month. The first floor live/work space is also being prepared for rental which will bring in additional revenue. Amazing location in a friendly neighborhood in between Charlotte St and Merrimon Ave and just a mile to downtown. 3 bedrooms, 4 bathrooms, 3 kitchens, plus a bonus loft at the top! City confirmed that homestay short term rental STR possibility with two of the units with minor modifications if you live in the third. Sellers explored connecting the first and second floors to make it a more traditional two-story home but preferred the current layout so that hasn't been done but is possible according to the sellers and the City. It is well built and well-maintained. Provide proof of funds or preapproval letter with showing request. Check out the 3-D walk-through to get a sense of the layout and efficient design. Sellers are willing to consider owner financing - make an offer!
#4326757

Asheville

297 Hillside Street

None Beds

None Baths

N/A

$950,000

MLS#: 4326757

New on site 2 days ago
Positioned on Beacham's Curve along Asheville’s vibrant West Asheville corridor, 264 Haywood Road benefits from strong neighborhood visibility and direct access to one of the city’s most active retail and lifestyle districts. The property is surrounded by established restaurants, breweries, boutiques, neighborhood retail, and residential density. Beautifully converted historic home with 11 private offices of various sizes and 12 off-street parking spaces. Daily traffic counts between 7,400-13,200. Please do not disturb tenants-24 hour required notice and listing agent to accompany all showings. Real estate office (owner/tenant) is relocating to a new location across the street.
#4385794

Asheville

264 Haywood Road

None Beds

None Baths

N/A

$1,175,000

MLS#: 4385794

Price reduced
Excellent downtown Asheville investment: 58 Broadway St offers 3,531 SF of finished mixed-use space plus a 1,697 SF unfinished basement. The first floor includes a ~400 SF commercial storefront (with mini-split HVAC and its own bathroom) flanked by two apartment units; the second floor houses three additional one-bath apartments, each outfitted with electric heat, electric range, and refrigerator (no central AC). The building is zoned CBD and serviced by city water and sewer. Strategically located on Broadway Street, which sees approximately 10,000 vehicles per day, the property sits just under a mile from I-240 (Exit 1B / Brevard Rd) and within minutes of the I-26/I-240 interchange, offering seamless access to the region’s interstate network. From this address, residents and tenants can walk to dozens of downtown shops, restaurants, and cultural venues, while vehicles can reach Patton Avenue and Charlotte Street in moments. This property is ideal for an owner-user, rental investor, or owner-operator seeking excellent downtown exposure and connectivity.
#4309816

Asheville

58 Broadway Street

None Beds

None Baths

3,531 Sq.Ft.

$1,100,000

MLS#: 4309816

In Biltmore Township bordering Fairview Township. Located on 5 lane Hwy 74A Scenic Highway and Cedar Mountain Road. 3 miles to I-40, I-240, Blue Ridge Parkway & Asheville. Total of 1800 feet of road frontage (900 feet on Hwy 74A, 600 feet on Cedar Mountain Road and 300 feet on Atherton. Public water with fire hydrants on all three roads. Public sewer with 97,500 gallons per day allocation for 250,000 sf of commercial and 800 bedrooms. Gas, electric, cable and phone also on property at prime corner location at the top of Minehole Gap with over 20,000 cars per day. Double access curb cut on 5 lane Hwy 74A. Long range views. Owner Broker would consider joint venture. Price lowered another $60,000.
#3644935

Asheville

10 acres Charlotte Highway

None Beds

None Baths

N/A

$839,000

MLS#: 3644935

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Prestino Advantage via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by Prestino Advantage via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service