87 N Merrimon Avenue, Asheville, NC 28804

Property Description

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.