24 N Lexington Avenue Asheville, NC $ 8,000,000
24 N Lexington Avenue
$ 8,000,000
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24 N Lexington Avenue

Asheville, NC, 28801
$ 8,000,000
Bedrooms-- Baths-- Sq 34,000

Monthly Estimate*

$ 55,254

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Commercial Property for sale in Asheville, NC

for $8,000,000. This 34,000 square foot building was built in 1910 on a lot size of 0.48.

Mixed-Use Redevelopment & Boutique Hospitality Opportunity with Dedicated Parking at 76 College St. Proposed 35-room boutique hotel, cocktail lounge, and ground level retail on both N. Lexington Ave. and Broadway Street. Located in the heart of downtown Asheville, the property sits at the intersection of Broadway Street and the Lexington Avenue retail corridor, two of the city’s most active pedestrian streets. Part of the historic Star Block, originally built in the early 1900s, the building is positioned for redevelopment as Zelda Salon, a proposed 35-key boutique hotel that will preserve the property’s historic character while introducing suite-style guest rooms, curated hospitality spaces, and ground-level retail along both Broadway and Lexington Avenue. The offering also includes the adjacent 76 College Street parking lot, providing approximately 20 surface parking spaces in a supply-constrained downtown environment. Together, the properties present a rare downtown parking in the center of Asheville’s thriving tourism market. opportunity combining existing retail income, boutique hotel redevelopment potential, and dedicated

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Commercial Active

Price

$ 8,000,000

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.48

Year Built

1910

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4408219

Features
General
Sewer Public Sewer
Development Status Completed
Zoning CBD
Year Built 1910
View City
Property Subtype Retail
Parcel Number 9649-40-1647-00000
Additional Parcels Description 964940155000000
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial Development
Directions 15 Broadway St. entrance is in the center of downtown Asheville directly across the street from the AC Marriott and the Kimpton Arras Hotel. 24 N Lexington Ave entrance is located directly across
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Historical
Tax Assessed Value 2303400
Listing Terms Cash Conventional
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Interior
Basement Dirt Floor Unfinished
Basement (Y/N) Y
Below Grade Finished Area 0
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Exterior
Parking Features On Street Parking Lot
Water Source City
Inclusions Building Land
Lot Size Area 0.48
Number of Buildings 1
Building Area Total 34000
Road Surface Type Paved
Other Parking College St. parking lot included - 20 spaces
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 24
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* Excluded Features
List By
Dewey Property Advisors

Broker

Affordability Calculator

$55,254
Per Month
100%
0%
0%
Monthly Principal & Interest
$55,254
Monthly Property Taxes
--
Monthly Home Insurance
--
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
7/27/2026$8,000,000 Listed Price

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24 N Lexington Avenue, Asheville, NC, 28801 is a Commercial Property for sale at $8,000,000 with 34,000 sqft and a lot size of 0.48. 24 N Lexington Avenue was built in 1910. The property's zip code is 28801 which is in Asheville, NC