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853-857 Merrimon Ave
Asheville, NC 28804 Grace

$2,800,000 USD

Restaurant For Sale • 14,000 SF

Property Details

Property Type Restaurant
Total Building Size 14,000 SF
Lot Size 0.78 AC
Building Class C
Year Built 1918
Cap Rate 3.75 %
Tenancy Multiple
Zoning CBI

27 Transit Score

74 Walk Score

                
                    Highlights
                
                                Major vehicle traffic.
                            
                                Plenty of surface parking.
                            
                                Historic charm.
                            
                                Frontage on Merrimon Ave.

Cap Rate:

3.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Ay Caramba Mexican Grill	2,700 SF	5/30/2026
Penny Cup Coffee	1,200 SF	7/31/2025

Amenities

Bus Line
Conferencing Facility
Restaurant
Balcony
Fiber Optic Internet

Public Transportation

Airport	Drive	Walk	Distance
Asheville Regional	24 min	-	16.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	54
Type:	Surface
Included in Rent:	Yes

Bill Steigerwald 828-774-5535 Tessier Group

853-857 Merrimon Ave Asheville, NC 28804 Grace