Listing Office: Allen Tate/Beverly-Hanks Asheville-North
Property details
About 498-506 Merrimon Ave
A one of a kind, 4 parcel, redevelopment opportunity prominently sited on high traffic Merrimon road. This property sits at the gateway to UNC Asheville, with walkability to downtown Asheville, and is prime for new vision. These 4 parcels make up over 145 ft of high visibility Merrimon street frontage and provide an ideal opportunity for a mixed-use redevelopment project. Existing early 1900s two story masonry building may have potential for adaptive reuse and incorporation into new master plan, buyer to verify.
Highlights
Home typeUnimproved Land
StatusActive
MLS #4217545
Summary
- MLS Number: 4217545
- Office Name: NAI Allen Tate Beverly-Hanks Commercial
- Office Email: knelson@naibeverly-hanks.com
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$885,240
498-506 Merrimon Ave
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Price information
Property sales
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Tax history
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Nearby schools
4
Claxton Elementary School
Public Magnet KG-5
0.5 mi
•241 Merrimon Ave
3
Isaac Dickson Elementary School
Public Magnet PK-5
0.7 mi
•125 Hill St
5
Ira B Jones Elementary School
Public Magnet PK-5
2.1 mi
•544 Kimberly Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,250. The most common annual income of people living in Asheville, NC is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
57%
<35k
30%
35k-100k
11%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
74%
Single, No Kids
7%
Single, with Kids
12%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
3%
12-17 yrs old
42%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Yoga/pilates
Where do the neighbors shop?
Forever 21
Express/Express For Men
H&M
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Bob Evans
What do the neighbors drive?
Mazda
Volkswagen
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 498-506 Merrimon Ave
This home is located at 498-506 Merrimon Ave in Asheville, NC and zip code 28801 in the Five Points neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 28, 2025 and is currently priced at $885,240.
While more than 12 listings in Asheville, NC in February 2025 were sold above asking price, there were more than 20 listings sold at asking price, and more than 71 were sold below. Between January and February 2025, Asheville, NC real estate market has seen increase in the number of listings by 9%. In February 2025 median list price was $500,000 and the average listing age was 66 days.
From Rocket Homes Real Estate and based on county public records data.