181 Merrimon Avenue, Asheville, NC 28801 - Photo 1

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$998,000

For Sale
Active
Commercial
3,212 Sq. Ft.

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Property Description

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.

Full Property Details

Full Property Details for 181 Merrimon Ave

General

Price: $998,000
Status: Active
Type: Commercial
Source: Charlotte_Regional_Realtor_Association
MLS ID: 4198938
Updated: 11/4/2025
Added to Site: 436 day(s) ago

Interior

Appliances: Dishwasher, Electric Range, Refrigerator

Parking

Parking Features: Driveway, Parking Space(s)

Location

County: Buncombe
Driving Directions: From downtown Asheville take Merrimon north to 181 on R across from 5 Guys.
City Limits: Yes

Heating & Cooling

Cooling Type: None
Heating Type: Hot Water, Natural Gas

Utilities

Sewer: Public Sewer
Water: City
Utility Description: Cable Connected, Electricity Connected, Natural Gas

Structural Information

Construction: Site Built
Exterior Const.: Cedar Shake
Basement: Yes
Basement Desc.: Apartment
Roof: Architectural Shingle
Square Feet: 3,212
Minimum Avail: 3,212 Sq. Ft.
Year Built: 1907

Lot Features

Street/Road Desc.: Paved
Elevation (Approx.): 2000
Rcmdd Zoning: CBI

Financial Considerations

Special Assmt Amt.: none
Terms: Cash, Conventional

Disclosures and Reports

Special Conditions: Subject to Lease
Restrictions: Other - See Remarks
Inclusions: Building, Equipment, Fixtures, Land
Property ID: 9649-44-2126-00000
Lot Number: 1280-201

Listed by Appalachian Realty Associates

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Schools

Schools serving 181 Merrimon Ave

School District:Asheville City Schools

Name	Grades	Distance
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801	K-5	0.2 mi
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801	K-5	0.3 mi
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804	K-5	1.7 mi
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801	6-8	1.4 mi
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803	9-12	2.3 mi
Asheville High 419 McDowell Street, Asheville, NC 28803	9-12	2.3 mi
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806	K-5	2.4 mi
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806	K-5	3.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 181 Merrimon Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/04/2025

Price Reduced

$998,000

-8.86%

MLS

11/08/2024

Listed

$1,095,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 181 Merrimon Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$5,888

-23%

$536,000

-28%

2024

$7,658

$741,300

—

2023

$7,466

$741,300

—

2022

$7,392

—

$741,300

—

2021

$7,392

—

$741,300

2020

$7,389

—

$685,500

—

2019

$7,389

—

$685,500

—

2018

$7,389

-1%

$685,500

—

2017

$7,458

-9%

$685,500

2015

$8,237

$670,200

—

2014

$8,136

—

$670,200

—

2013

$8,136

—

$670,200

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 181 Merrimon Ave

181 Merrimon Avenue, Asheville, NC 28801 (MLS# 4198938) is a Commercial property. 181 Merrimon Avenue is currently listed for $998,000 and was received on November 08, 2024. Want to learn more about 181 Merrimon Avenue? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

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181 Merrimon Ave Asheville, NC 28801