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Investment Highlights

  • 15 Barrel Brewery System
  • 365 Seat Capacity
  • Optional room for brewery expansion
  • 4 Fermenters
  • Event Space in the back

Executive Summary

The retail condo at 39 N. Lexington Avenue in Asheville, NC, offers a unique opportunity for a new owner seeking a versatile commercial property in the heart of downtown. Constructed in 1916, this historic building features a brick facade and has housed various businesses over the years, including the Oscar Blues Brewery and Bold Rock Hard Cider/Taproom. Given its prime location and adaptable space, 39 N. Lexington Avenue presents an excellent opportunity for businesses seeking a prominent downtown presence. The space is set up as a full Brewery with a 15 Barrel Brewhouse and a fully equipped restaurant / bar / commercial kitchen. The space features 7,000 square feet of retail space and 1,000 square feet of dry/cold storage on the second floor off Rankin Ave. 39 N. Lexington is situated in the heartbeat of Downtown Asheville and benefits from the city's reputation as a hot spot for tourism. Owner is willing to entertain conversations around a Lease / Purchase / Option scenario for the right credit tenant / buyer. Located in the heart of Downtown Asheville with high visibility on N. Lexington Avenue near major tourist corridors. The building offers access from both Lexington Avenue and Rankin Avenue, It is situated across from two public parking decks—the Rankin Avenue Garage (262 spaces) and the Civic Center Garage (550 spaces) - ensuring convenient parking for customers and employees.

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1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 39
  • 7,600 SF
  • Retail
  • $5,675,000 ($746.71/SF)
  • -
Sale Type Investment or Owner User
Unit Unit Size Condo Use Price NOI
Unit 39 7,600 SF Retail $5,675,000 ($746.71/SF) -

Unit 39

Unit Size
7,600 SF
Condo Use
Retail
Price
$5,675,000 ($746.71/SF)
NOI
-

Unit 39

Unit Size 7,600 SF
Condo Use Retail
Price $5,675,000 ($746.71/SF)
NOI -
Sale Type Investment or Owner User

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 7,600 SF
Property Type Retail (Condo)
Property Subtype
Storefront Retail/Office
  • General Retail Bar
  • General Retail Restaurant
Building Class B
Floors 3
Typical Floor Size 2,533 SF
Year Built 1916
Tenancy Single
Lot Size 0.17 AC
Zoning CBD - Central Business District
Exceptionally walkable
90/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2025 Population
11,236
53,906
102,777
2030 Population
11,561
55,196
105,421
2025-2030 Projected Population Growth
2.9%
2.4%
2.6%
Median Age
40.6
40.6
41.5
College Degree + Higher
46%
46%
44%
Daytime Employees
24,337
67,490
87,957
Total Businesses
3,516
8,741
11,906
Average Household Income
$83,694
$94,001
$94,399
Median Household Income
$56,344
$66,464
$67,561
Total Consumer Spending
$143.1M
$705.1M
$1.4B
2025 Households
5,635
24,538
45,895
Average Home Value
$654,923
$557,756
$521,061

Nearby Major Retailers

Bank of America
Td Bank
Wells Fargo
Five Guys
iLoveKickboxing
Premier Martial Arts
Trader Joe's
Harris Teeter
First Citizens Bank
Whole Foods Market
  • Listing ID: 37315703

  • Date on Market: 8/18/2025

  • Last Updated:

  • Address: 39 N Lexington Ave, Asheville, NC 28801

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