New ListingThis ±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.
| MLS # | 4439956 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 1 |
| Listing Provided By | Bhula Realty Group | Roshan Bhula |
| Acreage | 2.89 |
|---|
| List Aor | Canopy Realtor Association |
|---|
| Property | 528700 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28804 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28804) | |
Price: $1,475,000 low | high Med: $750,000 On site: 1 low | high Med: 104 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28804 |
| Area | Buncombe |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28804) | |
Price: $1,475,000 low | high Med: $750,000 On site: 1 low | high Med: 104 | |