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$3,425,000
4300210 MLS ACTIVE Status
Exceptional commercial development opportunity on Merrimon Avenue (US 25) featuring an assemblage totaling 1.66 acres with approximately 300 feet of road frontage. Lots are Zoned CBI and RS8, offering a versatile mix of commercial, residential and mixed-use development potential. The site includes five existing buildings with short term leases, providing immediate rental income. Positioned in the heart of a high-traffic, primary commuter corridor, and surrounded by national retailers including Trader Joe’s, Whole Foods, and Harris Teeter, this site ensures excellent visibility and strong consumer appeal. Signalized access to Merrimon Avenue via a 35+/- foot wide curb cut on Hillside Street, and multiple curb cuts on Merrimon Avenue provide ease of ingress/egress. Strategically located less than 1 mile from Downtown Asheville, I-240 and I-26, and just 3 miles from I-40, the property offers seamless connectivity across Asheville and beyond. This rare opportunity presents investors and developers with a phenomenal chance to activate an underdeveloped site on one of Asheville’s most sought-after thoroughfares.

210, 212 & 230 Merrimon Avenue, Asheville

Listing courtesy of Likewise Commercial Real Estate. jess@likewisecommercial.com

$649,000
4291788 MLS ACTIVE Status
Prime development opportunity with 3 contiguous parcels totaling 0.95 acres on Hazel Mill Road in Asheville, NC. Featuring gentle topography and access to city water and sewer, this site is ideally situated just off Patton Avenue, a major commercial corridor with 54,000 vehicles per day, with excellent potential for visibility from Patton Avenue as well. Parcels are zoned OFFICE, RM8 and HB, suitable for office and multifamily development. This property offers easy access to I-240 and I-26, connecting quickly to downtown Asheville and surrounding areas. Nearby businesses include Ingles Markets, Sam’s Club, Chipotle, Walgreens, and multiple retail, dining, and service establishments, ensuring strong visibility and traffic for future development. Located within an Opportunity Zone, buyers may be eligible for tax benefits! The home is currently occupied. Please do not disturb Tenants and contact Broker for all site visits.

220, 226 & 99999 Hazel Mill Road, Asheville

Listing courtesy of Likewise Commercial Real Estate. jess@likewisecommercial.com

$450,000
4263214 MLS ACTIVE UNDER CONTRACT Status
Incredible development opportunity in North Asheville’s highly desirable Asheville 28804 zip code. Located next to Weaverville, a growing community of Buncombe County with just over 8 acres of prime land. Located directly across from the subdivision, Pinebrook Farms this is a most attractive commercial residential development tract. This unique property features a mix of gently sloped terrain, mature hardwood trees, short and long-range mountain views, offering natural beauty and space to create a unique setting. Property offers access to a paved, state-maintained road frontage and potential for residential or commercial use (buyer to verify). This site is an ideal location and setting for a custom home community, speculation residential development, a private estate, or other investment projects. Rare chance to own acreage with a natural setting, scenery, long and short range views and convenient access in one of Asheville’s most sought-after North Asheville/Weaverville locations.

144 Pinebrook Road, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. stephen.duncan@allentate.com

$3,750,000
4254182 MLS ACTIVE Status
Ready to build & fully entitled for 110 units in growing Woodfin, NC. Mostly cleared & shovel ready 12.04+/- acre multi-family development parcel located only 10 mins. north of Downtown Asheville. Conveys with development plans for 110 residential town homes plus permits, site plans, architectural drawings, and public utility allocations. This is an immediate turn-key opportunity for developers. The town homes feature 2 & 3 bedroom floor plans and southwestern mountain views with the benefit of a community clubhouse & space for amenities. Only minutes to I-26, Walmart, Publix & Lowe’s, this site offers privacy and seclusion yet is close to shopping, dining, and all the life needs that make this area highly sought after. Nearby major employers include Thermo-Fisher Scientific, Mission Hospital & UNC Asheville. With an increasing demand for multi-family housing options in Asheville, this property presents a remarkable opportunity to meet the needs of a growing market.

300 Baird Cove Road, Asheville

Listing courtesy of Likewise Commercial Real Estate. carla@likewisecommercial.com

$2,600,000
5 Baths 4249365 MLS ACTIVE Status
The historic & well-maintained Meadows Building is listed on the National Register of Historic Places. This property offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate visibility and road frontage from 2 major city streets with high VPD. 7,042 SF with 3 floors of usable space. Layout is conducive to redevelopment or alternate uses, providing value-add income potential. Lower level includes a retail area and commercial kitchen infrastructure with dumbwaiter accessing all floors. Platform passenger lift services upper two levels. Wood flooring, high ceilings, natural light, and both east and west facing views of mountains and the cityscape. Building went through a full scale renovation in 2008. Recent upgrades include a new roof in 2021 and new windows in 2023. Paid parking (82 spots) directly across the street with additional street metered parking.

114 N Lexington Avenue, Asheville

Listing courtesy of Likewise Commercial Real Estate. abigail@likewisecommercial.com

$1,300,000
4242585 MLS ACTIVE Status
Welcome to a well-established location in Asheville's vibrant downtown district! Inside the building, bars and restaurant areas have a stylish layout complementing Asheville's local culture, steps away from nearby shops and live music venues. The space comes with necessary fixtures and equipment for bar and restaurant operations, making it a turn-key option for new owners. There are 2 Parklets outside of the property on 116 N. Lexington Street that will allow for outdoor dining. There are two entrances to the building, one on Broadway Street and on N. Lexington Street. 116 N. Lexington is the primary access to the building for both downstairs and upstairs venues. Broadway Street entrance only accesses the upstairs Bar and Restaurant. The paid parking lot across the street on N. Lexington Street plus street parking on the block provide ample access to the building. There is a tenant with a lease until June 30th, 2028.

111 Broadway Street Unit #1, Asheville

Listing courtesy of Realty ONE Group Pivot Asheville. monica@rogpivot.com

$1,690,000
1 Baths 4235765 MLS ACTIVE Status
Incredible location in the heart of vibrant, downtown Asheville! This 5,968 SF property has flexible CBD zoning and runs the full block between Broadway St and Carolina Lane. 20 FT of road frontage on Broadway St and 9,000 VPD. Street level retail space for owner-user or prime investment property. Current ceilings are nearly 9’ on the first floor with room between floors to go much higher. Upper level could serve a variety of purposes - large open space with high ceilings, newer floor-to-ceiling windows, and historic details like exposed brick walls, original pressed tin ceilings, and original wood floors. A full unfinished basement, perfect for storage or renovation for alternate use. Property is listed on the National Register of Historic Places, priced competitively and ready for your creative vision!

43 Broadway Street, Asheville

Listing courtesy of Likewise Commercial Real Estate. abigail@likewisecommercial.com

$4,400,000
4208298 MLS ACTIVE UNDER CONTRACT Status
Welcome to 122 College Street—a rare opportunity to acquire a turnkey mixed-use asset directly on Pack Square with commercial income in place. No other properties can match the pairing of high-quality luxury residences with dependable commercial income—at a compelling basis of $387 per SF. All major capital improvements are complete. Offered fully furnished, the property is ready for immediate use or income generation. Upper floors feature two 2BR/2BA units and a 3BR/3.5BA luxury penthouse, all accessed via private entrance. Highlights include exposed brick, high ceilings, large windows with city and mountain views. The penthouse has 25’ ceilings, a 380 SF loft, and the only private rooftop terrace overlooking Pack Square Park, a truly spectacular amenity. Below the residences are two fully leased commercial spaces: a 3,000 SF street-level restaurant with a full commercial kitchen and a 3,000 SF lower-level bar, providing dependable income in one of Downtown Asheville’s most visible and active locations. Ownership options include holding as a turnkey mixed-use investment, occupying or leasing the residences, or pursuing a condominium conversion strategy with potential to resell individual units at pricing more consistent with Downtown Asheville’s luxury residential market. Currently offered at $4,600,000 | $387 per square foot.

122 College Street, Asheville

Listing courtesy of Whitney Commercial Real Estate. jharrison@whitneycre.com

$975,000
4208180 MLS ACTIVE Status
Introducing 71 Thompson St, Asheville, NC, a +/- .93-acre redevelopment opportunity in the heart of Biltmore Village, heavily impacted by hurricane Helene, and ready for new, creative redevelopment vision. This 5-parcel assemblage is located with the River zoning district, as well as the "All" hotel overlay district, making for a unique redevelopment opportunity in a central Biltmore Village location. With over 300 feet of road frontage on Thompson Street, easy access to downtown Asheville, and walking distance to the Biltmore estate, this expansive property offers an exceptional opportunity for investors looking to lead the charge in bringing new life and creative redevelopment into the core of Biltmore Villages post Helene recovery.

71 Thompson Street, Asheville

Listing courtesy of NAI Allen Tate Beverly-Hanks Commercial. cmansfield@naibeverly-hanks.com

$3,200,000
4056821 MLS ACTIVE UNDER CONTRACT Status
Amazing buy in WEST ASHEVILLE **Price Reduced to almost $1,000,000 UNDER TAX VALUE of $4.2, million. **Under $89 per s/f. not including the valuable 2.66 acres. The brick building has 36,000sf GBA in the heart of West Asheville. Large church just .3 miles from Haywood Rd. Has 2 sanctuaries, 6 offices, 22 classrooms or nurseries, 8 restrooms and a fellowship/dining hall with a full commercial kitchen. Paved parking lot has about 80 spaces and room for more. 2 car garage in rear. The boilers systems are newer. There is a covered breezeway for easy drop off and exiting the parking lot. This is an amazing opportunity for a charter school, non-profit, assisted living, or many other possible uses if allowed by zoning or rezoning. The church is downsizing and has been in this location for about 6 decades. A detailed floor plan is in attachments. One of the listing agents will accompany all showings.

150 Westwood Place, Asheville

Listing courtesy of Mark White And Associates. dk55belair@charter.net

$900,000
3712636 MLS ACTIVE UNDER CONTRACT Status
Investment acreage for a South Asheville residential development. Few remaining tracts of land in this poplar south location. Zoned RS4, with nearly 6 acres (5.94+/- acres) in South Asheville near schools, shopping, and other amenities. Convenient location across from TC Roberson High School on Springside Road. Seller removing two homes allowing for clear property. Gently sloping property with utilities in area. (Utility access will need to be determined based on developers needs.) Property fronts along Springside Road providing excellent visibility and is partially surrounded by well established residential subdivision, (Oak Forest). Property does border a small creek on east border. Property includes two tracts (5.629 surveyed + .31 acre per tax data). Two homes have been removed creating a structure free property."

93 & 95 Springside Road, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. stephen.duncan@allentate.com

$1,325,000
3648473 MLS ACTIVE UNDER CONTRACT Status
10 acres "in the City"; potential 49 lot S/D by right under current zoning with owner pursuing CU rezoning in hopes to greater densify the site! Great subdivision potential, 3 points of access from 3 private dead-end streets! Public utilities at or near the site in multiple locations! Build here - a lifestyle, a community - affordable or modest homes! Rarely does such an opportunity become available. Major subdivision and potential rezoning require a Level 3 review by the City; status of any rezoning effort underway by seller is to be documented in writing prior to any offer submission; seller will co-op rezoning efforts depending on timing at point of sale.

548 Caribou Road, Asheville

Listing courtesy of NAI Allen Tate Beverly-Hanks Commercial. markmorris@naibeverly-hanks.com

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