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$1,525,000 Just Listed
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Property Description
This 2.89-acre infill development site sits along Asheville's sought-after Merrimon Avenue corridor, positioned between Downtown and North Asheville with strong visibility, access, and growth fundamentals. Flexible commercial zoning supports multiple high-value strategies - multifamily, mixed-use, hospitality, retail, or residential - letting developers tailor a project to market demand while preserving optionality. Located on a primary north-south artery with established surrounding demographics, the site benefits from consistent demand drivers and proximity to employment, retail, and lifestyle amenities. Utilities and access are already in place, reducing development complexity and supporting phased or flexible site planning. With large commercially zoned infill parcels increasingly scarce in this corridor, the offering stands out for groups seeking scale, frontage, and flexibility with multiple exit strategies. Buyer to verify zoning, permitted uses, utilities, acreage, and feasibility with Buncombe County and the City of Asheville; information deemed reliable but not guaranteed.
Full Property Details
Full Property Details for 87 Merrimon Ave N
General
- Price: $1,525,000
- Status: Active
- Type: Lots/Land
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4392571
- Updated: 6/16/2026
- Added to Site: 1 day(s) ago
Location
- County: Buncombe
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Underground Power Lines, Underground Utilities
Lot Features
- Street/Road Desc.: Dirt
Disclosures and Reports
- Restrictions: Use
- Property ID: 9730-7806306
- Lot Number: 5311
Listed by Bhula Realty Group
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Schools
Schools serving 87 Merrimon Ave N
School District:Buncombe County Schools
| Name | Grades | Distance |
|---|---|---|
Woodfin Elementary 108 Elk Mountain Road, Asheville, NC 28804 | K-4 | 0.9 mi |
Clyde A Erwin High 60 Lees Creek Road, Asheville, NC 28806 | 9-12 | 3.3 mi |
Clyde A Erwin Middle School 20 Erwin Hills Road, Asheville, NC 28806 | 7-8 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 87 Merrimon Ave N
Date
Details
Price
Change
Source
6/16/2026
Listed
$1,525,000
—
MLS
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 87 Merrimon Ave N
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,228
6%
$528,700
—
2023
$4,938
1%
$528,700
—
2022
$4,885
—
$528,700
—
2021
$4,885
2%
$528,700
6%
2020
$4,781
—
$498,500
—
2019
$4,781
6%
$498,500
—
2018
$4,531
-1%
$498,500
—
2017
$4,581
20%
$498,500
32%
2016
$3,811
—
$377,700
—
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 87 Merrimon Ave N
87 Merrimon Avenue N, Asheville, NC 28804 (MLS# 4392571) is a Lots/Land property with a lot size of acres. 87 Merrimon Avenue N is currently listed for $1,525,000 and was received on June 16, 2026. Want to learn more about 87 Merrimon Avenue N? Do you have questions about finding other Lots/Land real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

