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125-161 S Lexington Ave 4,405 SF Office Condo Unit Offered at $1,750,000 in Asheville, NC 28801
Investment Highlights
- 4,405 SF office/retail condominium in a mixed-use building in the heart of Asheville's South Slope district
- Dedicated event space with kitchen area plus access to a spacious private outdoor patio — ideal for staff, clients, or gatherings
- 5 dedicated parking spaces in a lower-level garage — a rare and valuable feature in this submarket
- Flexible, professionally built-out layout: 9 private suites, an open collaborative work area, 3 cubicle offices, 3 fully equipped meeting rooms
- Steps from Pack Square Park, Haywood Street, Grove Arcade, and the South Slope district's breweries, restaurants, and retail
- Suited for an owner-occupant, flex/coworking operator, or investor seeking a turnkey Downtown Asheville asset
Executive Summary
Lexington Station is ideally positioned in Asheville’s vibrant South Slope district, one of downtown Asheville’s most active and recognizable commercial and entertainment areas. The property offers convenient access to the city’s extensive collection of restaurants, breweries, retail destinations, hotels, and professional services, all within easy walking distance. Constructed in 2007, Lexington Station is a well-established mixed-use development consisting of three buildings incorporating commercial office and retail space alongside upscale residential condominiums. The development is located in a highly walkable downtown setting with convenient access to major thoroughfares and Asheville’s central business district. The property benefits from the strong pedestrian activity and established amenities of the surrounding South Slope neighborhood, making it an attractive location for businesses seeking a downtown presence. The development also offers structured/deeded parking, an important advantage in downtown Asheville where parking availability can be limited. With its established mixed-use environment, walkable location, proximity to Asheville’s South Slope brewery and restaurant district, and access to downtown amenities, Lexington Station provides an appealing setting for office, retail, service, and other commercial uses.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 9648481943C0101 |
| No. Parking Spaces | 5 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 5 |
| APN/Parcel ID | 9648481943C0101 |
Description
125 S. Lexington Avenue, Suite 101 is an office/retail condominium located within a mixed used building in heart of Downtown Asheville called Lexington Station.
The suite features an attractive, thoughtfully designed space with expansive windows, and abundant natural light, creating a welcoming and productive environment. Additional highlights include a large event/education room with access to a dedicated kitchen area and spacious outdoor patio; ideal for employees, clients, or collaborative gatherings.
The condo could be offered fully furnished and turnkey at a price to be determined, allowing for immediate occupancy or seamless continuation
of operations with minimal upfront investment.
Located in Asheville’s vibrant downtown core and within the highly desirable South Slope district, the property is just steps from popular restaurants, breweries, retail shops, and everyday amenities, providing exceptional walkability and convenience.
The condo includes five dedicated parking spaces in a lower-level garage, a rare and valuable asset in this submarket.
This space is well-suited for an owner-occupant seeking to utilize a portion of the space while benefiting from existing income generated by an established tenants in place. It's a compelling investment opportunity with stable cash flow and potential for future growth.
The suite features an attractive, thoughtfully designed space with expansive windows, and abundant natural light, creating a welcoming and productive environment. Additional highlights include a large event/education room with access to a dedicated kitchen area and spacious outdoor patio; ideal for employees, clients, or collaborative gatherings.
The condo could be offered fully furnished and turnkey at a price to be determined, allowing for immediate occupancy or seamless continuation
of operations with minimal upfront investment.
Located in Asheville’s vibrant downtown core and within the highly desirable South Slope district, the property is just steps from popular restaurants, breweries, retail shops, and everyday amenities, providing exceptional walkability and convenience.
The condo includes five dedicated parking spaces in a lower-level garage, a rare and valuable asset in this submarket.
This space is well-suited for an owner-occupant seeking to utilize a portion of the space while benefiting from existing income generated by an established tenants in place. It's a compelling investment opportunity with stable cash flow and potential for future growth.
Sale Notes
Entire commercial space available for sale. The space is currently configured with multiple private offices and flexible workspace, with individual one-year agreements in place.
Most existing agreements include a 60-day cancellation provision, providing flexibility for a new tenant, owner-user, or investor to modify the existing occupancy over time. Agreements may also be renewed as they reach the end of their respective terms.
Furniture, fixtures, and equipment may be available for purchase separately, providing an opportunity for a turnkey transition.
Additional details regarding the space, existing agreements, and purchase terms are available upon request.
Most existing agreements include a 60-day cancellation provision, providing flexibility for a new tenant, owner-user, or investor to modify the existing occupancy over time. Agreements may also be renewed as they reach the end of their respective terms.
Furniture, fixtures, and equipment may be available for purchase separately, providing an opportunity for a turnkey transition.
Additional details regarding the space, existing agreements, and purchase terms are available upon request.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101 | 4,405 SF | Office | $1,750,000 ($397.28/SF) | - |
Unit 101
| Unit Size |
| 4,405 SF |
| Condo Use |
| Office |
| Price |
| $1,750,000 ($397.28/SF) |
| NOI |
| - |
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Unit 101
| Unit Size | 4,405 SF |
| Condo Use | Office |
| Price | $1,750,000 ($397.28/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 5 |
| APN/Parcel ID | 9648481943C0101 |
| Description | |
|
125 S. Lexington Avenue, Suite 101 is an office/retail condominium located within a mixed used building in heart of Downtown Asheville called Lexington Station. The suite features an attractive, thoughtfully designed space with expansive windows, and abundant natural light, creating a welcoming and productive environment. Additional highlights include a large event/education room with access to a dedicated kitchen area and spacious outdoor patio; ideal for employees, clients, or collaborative gatherings. The condo could be offered fully furnished and turnkey at a price to be determined, allowing for immediate occupancy or seamless continuation of operations with minimal upfront investment. Located in Asheville’s vibrant downtown core and within the highly desirable South Slope district, the property is just steps from popular restaurants, breweries, retail shops, and everyday amenities, providing exceptional walkability and convenience. The condo includes five dedicated parking spaces in a lower-level garage, a rare and valuable asset in this submarket. This space is well-suited for an owner-occupant seeking to utilize a portion of the space while benefiting from existing income generated by an established tenants in place. It's a compelling investment opportunity with stable cash flow and potential for future growth. |
|
| Sale Notes | |
|
Entire commercial space available for sale. The space is currently configured with multiple private offices and flexible workspace, with individual one-year agreements in place. Most existing agreements include a 60-day cancellation provision, providing flexibility for a new tenant, owner-user, or investor to modify the existing occupancy over time. Agreements may also be renewed as they reach the end of their respective terms. Furniture, fixtures, and equipment may be available for purchase separately, providing an opportunity for a turnkey transition. Additional details regarding the space, existing agreements, and purchase terms are available upon request. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Smoke Detector
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Property Manager on Site
- Corporate Suites
- Furnished Units Available
- Smoke Free
- Community-Wide WiFi
- Conference Rooms
- Elevator
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 66 | - | - |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
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Contact the Sale Advisor
125-161 S Lexington Ave