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114 N Lexington Ave 7,042 SF Retail Building Asheville, NC 28801 $2,600,000 ($369.21/SF)
Investment Highlights
- Historic & well-maintained 3-story brick building with 7,042 SF
- Interstate frontage and visibility from 2 major city streets
- Across the street is a paid parking lot with 82 spots with additional street metered parking
- Well-positioned at the signalized intersection of Exit 5A off I-240
- Immediate potential for value-add income through multi-tenant occupancy
Executive Summary
Please contact the Listing Broker, Abigail Farrow, for all showing requests.
View More Information: https://singlepointmedia.hd.pics/114-N-Lexington-Ave
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Freeway Visibility
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Excellent exposure in the vibrant LoLex District of Downtown Asheville. Well-positioned at the signalized intersection of Exit 5A off I-240, this property offers both interstate frontage and visibility from 2 major city streets. Hardwood floors, natural light, high ceilings, and historic details make for a beautiful space and a practical upfit. Existing kitchen infrastructure, ADA bathrooms on every floor (5 total) and useful extras like a dumbwaiter from the kitchen servicing both upper levels and a flat passenger lift providing ADA access to the third floor from Broadway St entrance. Fully renovated in 2008, this property enjoys the charming detail of an older building with newer roof, windows and systems throughout. 7,042 SF on three floors of usable space, provides flexibility for all types of uses, but was most recently a restaurant. Lower level (2,240 SF) includes a retail area fronting Lexington Street with a commercial kitchen space in the back. Second level (2,384 SF) was previously a full service restaurant with a built-in bar, plenty of seating areas, and entrances from two major streets in downtown Asheville. Upper level (2,418 SF) currently has a bar area with a dumb waiter from the kitchen and offers views of both the mountains and the cityscape. Priced at $25/SF + NNN. Property is also available for sale. Please email the listing agent, Abigail Farrow, for all showing requests. Listing agent accompany.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 7,042 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 7,042 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 7,042 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Excellent exposure in the vibrant LoLex District of Downtown Asheville. Well-positioned at the signalized intersection of Exit 5A off I-240, this property offers both interstate frontage and visibility from 2 major city streets. Hardwood floors, natural light, high ceilings, and historic details make for a beautiful space and a practical upfit. Existing kitchen infrastructure, ADA bathrooms on every floor (5 total) and useful extras like a dumbwaiter from the kitchen servicing both upper levels and a flat passenger lift providing ADA access to the third floor from Broadway St entrance. Fully renovated in 2008, this property enjoys the charming detail of an older building with newer roof, windows and systems throughout. 7,042 SF on three floors of usable space, provides flexibility for all types of uses, but was most recently a restaurant. Lower level (2,240 SF) includes a retail area fronting Lexington Street with a commercial kitchen space in the back. Second level (2,384 SF) was previously a full service restaurant with a built-in bar, plenty of seating areas, and entrances from two major streets in downtown Asheville. Upper level (2,418 SF) currently has a bar area with a dumb waiter from the kitchen and offers views of both the mountains and the cityscape. Priced at $25/SF + NNN. Property is also available for sale. Please email the listing agent, Abigail Farrow, for all showing requests. Listing agent accompany.
Nearby Major Retailers
Property Taxes
| Parcel Number | 9649-31-7795-00000 | Improvements Assessment | $812,600 |
| Land Assessment | $196,100 | Total Assessment | $1,008,700 |
Property Taxes
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114 N Lexington Ave
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