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346 Merrimon Ave
Asheville, NC 28801
Office Property For Sale

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INVESTMENT HIGHLIGHTS

  • Prime corridor exposure with signage facing a heavily traveled avenue.
  • Recently improved with new roof, boiler, and refreshed interiors.
  • Basement with kitchen and workspace expands functionality for storage or back office.
  • Flexible interior configuration adaptable to medical, legal, or creative uses.
  • Three existing studio offices offer optional income and operational flexibility.
  • Convenient on-site parking with quick access to both Downtown Asheville and UNC Asheville.

EXECUTIVE SUMMARY

346 Merrimon Avenue presents a compelling opportunity to acquire a well-located office asset in the heart of North Asheville. Positioned along one of the city’s most traveled corridors, the property benefits from prominent frontage and visibility to steady daily traffic, creating a natural advantage for professional service users, boutique firms, or investors seeking long-term value in a supply-constrained submarket. Its location between Downtown Asheville and UNC Asheville places it within a vibrant mix of residential neighborhoods, local retailers, and institutional demand drivers, all contributing to consistent activity and strong market fundamentals in the area.
The building offers a functional layout supported by valuable recent upgrades, including a new roof, boiler improvements, and cosmetic enhancements. These updates reduce near-term capital exposure while offering an adaptable interior suitable for a range of professional uses such as medical, legal, creative services, or general office needs. The second floor includes three private studio offices that are currently occupied on a month-to-month basis, generating supplemental income and giving future ownership optional flexibility depending on the intended use.
Additional features include a basement level equipped with a bathroom, kitchen area, and workspace, expanding the property’s utility for storage, back-office operations, or further improvements. A small garage at the rear offers added convenience for secure storage. On-site parking and dedicated signage exposure enhance accessibility and reinforce the property’s position along a key corridor frequented by daily commuters and neighborhood residents.
With its strategic location, ready-to-use improvements, and optional income from existing studios, 346 Merrimon Avenue represents a rare chance to secure an owner-user or investor asset in a sought-after Asheville submarket where high visibility, convenience, and steady demand converge.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,042 SF
Building Class
B
Year Built
1926
Price
$725,000
Price Per SF
$238.33
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,521 SF
Slab To Slab
8’
Building FAR
0.32
Lot Size
0.22 AC
Zoning
CBI - Community Business District
Parking
15 Spaces (4.5 Spaces per 1,000 SF Leased)

AMENITIES

  • Basement
  • Reception
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9649-36-4192-00000
Land Assessment
$153,300
Improvements Assessment
$210,600
Total Assessment
$363,900
  • Listing ID: 39061547

  • Date on Market: 1/13/2026

  • Last Updated:

  • Address: 346 Merrimon Ave, Asheville, NC 28801

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