114 N Lexington Avenue Asheville, NC $ 3,000,000
114 N Lexington Avenue
$ 3,000,000
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114 N Lexington Avenue

Asheville, NC, 28801
$ 3,000,000
Baths5.0 Sq 7,042

Monthly Estimate*

$ 20,956

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Studio

Commercial Property for sale in Asheville, NC

for $3,000,000 with 5 full baths. This 7,042 square foot building was built in 1926 on a lot size of 0.06.

This historic & well-maintained building offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate frontage from 2 major city streets. 7,042 SF with 3 floors of usable space, providing immediate potential for value-add income through multi-tenant occupancy. Lower level includes a retail area and a commercial kitchen with platform passenger lift and dumbwaiter accessing upper floors. Second level includes a restaurant with plenty of seating and entrances from two major streets. Upper level has a bar area with stunning views of both the mountains and the cityscape. There is dual stairwell access & possibility of division into two separate spaces. Strategically located on a destination street flanked by a diverse array of over 200 small businesses. Recent upgrades include a new roof in 2021 and new windows in 2023. Restaurant FF&E not included in sale but is negotiable.

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Commercial Active

Price

$ 3,000,000

Bedrooms

Studio

Full Bath

5

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.06

Year Built

1926

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4118249

Features
General
Sewer Public Sewer
Heating Central Zoned
Cooling Central Air Zoned
Utilities Electricity Connected Gas
Roof Flat
Zoning CBD
Construction Materials Brick Full
Year Built 1926
Property SubType Retail
Elevation 2000
Accessibility Two or More Access Exits Bath 60 Inch Turning Radius Bath Grab Bars Elevator Mobility Friendly Flooring
County Buncombe
New Construction N
Property Type Commercial Sale
Possible Use Commercial
City Asheville
Street Name Lexington
Virtual Tour https://singlepointmedia.hd.pics/114-N-Lexington-Ave/idx https://singlepointmedia.hd.pics/114-N-Lexington-Ave
Standard Status Active
Construction Type Site Built
Restrictions Building Signage Use Other - See Remarks
Tax Assessed Value 1008700
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Interior
Flooring Concrete Slate Wood
Street Suffix Avenue
Total Baths 5
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Exterior
Parking Features On Street Parking Lot Parking Space(s) Parking Space(s) (Off Site)
Lot Features Paved Views Other - See Remarks
Water Source City
Inclusions Building Land
Lot Size Area 0.06
Foundation Details Slab
Number of Buildings 1
Building Area Total 7042
Road Surface Type Paved
Other Parking Paid parking lot with 82 spots across the street from N. Lexington Ave. entrance. Metered street parking available.
Lot Size Units Acres
Road Frontage Type City Street Interstate 1 mile or Less Interstate Other - See Remarks
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 114
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* Excluded Features
List By
Carla & Company Real Estate Services

Broker

Affordability Calculator

$20,956
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,956
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2024$3,000,000 Listed Price

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114 N Lexington Avenue, Asheville, NC, 28801 is a Commercial Property for sale at $3,000,000 with 7,042 sqft and a lot size of 0.06. 114 N Lexington Avenue is a studio with 5.0 baths and was built in 1926. The property's zip code is 28801 which is in Asheville, NC