114 N Lexington Avenue Asheville, NC $ 2,600,000
114 N Lexington Avenue
$ 2,600,000
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114 N Lexington Avenue

Asheville, NC, 28801
$ 2,600,000
Bedrooms-- Baths5.0 Sq 7,042

Monthly Estimate*

$ 17,958

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Commercial Property for sale in Asheville, NC

for $2,600,000 with 5 full baths. This 7,042 square foot building was built in 1926 on a lot size of 0.06.

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.

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Commercial Active

Price

$ 2,600,000

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

4249365

Features
General
Sewer Public Sewer
Heating Central Zoned
Cooling Central Air Zoned
Utilities Electricity Connected Natural Gas
Roof Flat
Zoning CBD
Construction Materials Brick Full
Exclusions Please refer to the listing agent.
Year Built 1926
View City Mountain(s) Winter Year Round
Stories Count 3
Property Subtype Retail
Parcel Number 964931779500000
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
HOA N
Possible Use Commercial
Building Features Elevator
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://singlepointmedia.hd.pics/114-N-Lexington-Ave 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
Listing Terms Cash Conventional
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Interior
Flooring Concrete Slate Wood
Basement (Y/N) N
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.
Road Frontage Type City Street Interstate 1 mile or Less Interstate Other - See Remarks
Other Equipment 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
Likewise Commercial Real Estate

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$17,958
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Monthly Principal & Interest
$17,958
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% 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
3/5/2026$2,600,000 -5.45% Price Down
4/24/2025$2,750,000 Listed Price

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114 N Lexington Avenue, Asheville, NC, 28801 is a Commercial Property for sale at $2,600,000 with 7,042 sqft and a lot size of 0.06. 114 N Lexington Avenue has 5.0 baths and was built in 1926. The property's zip code is 28801 which is in Asheville, NC