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39 N Lexington Ave
Asheville, NC 28801
Unit #5 & #2 · Retail Property For Sale
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18,242 SF
Executive Summary
This ground-level condo presents a rare opportunity to control a highly flexible space within one of downtown Asheville’s most prominent buildings. With direct street frontage and interior building access, the unit offers a level of functionality and versatility that is difficult to find in the urban core. Currently configured as a garage/storage suite, the space is positioned to serve as private parking, storage, or operational extension for nearby office or retail users. Alternatively, its layout and zoning allow for a wide range of adaptive uses ranging from boutique retail or creative studio space to unique concepts such as a speakeasy or private lounge. This commercial unit is only available for purchase as a tie in, in conjunction with one of the other Morrison or Rankin Press condo units owned by the seller. Not available for independent purchase.
Property Facts
| Total Building Size | 18,242 SF | Typical Floor Size | 6,080 SF |
| Property Type | Retail | Year Built | 1916 |
| Property Subtype | Storefront Retail/Office | Tenancy | Single |
| Building Class | B | Lot Size | 0.17 AC |
| Floors | 3 | ||
| Zoning | CBD - Central Business District | ||
| Total Building Size | 18,242 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,080 SF |
| Year Built | 1916 |
| Tenancy | Single |
| Lot Size | 0.17 AC |
| Zoning | CBD - Central Business District |
2 Units Available
Unit 5
| Unit Size | 806 SF | Sale Type | Investment or Owner User |
| Condo Use | Office/Retail | APN/Parcel ID | 9649-30-8769-C0005 |
| Unit Size | 806 SF |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 9649-30-8769-C0005 |
Description
This ground-level condo presents a rare opportunity to control a highly flexible space within one of downtown Asheville’s most prominent buildings. With direct street frontage and interior building access, the unit offers a level of functionality and versatility that is difficult to find in the urban core. Currently configured as a garage/storage suite, the space is positioned to serve as private parking, storage, or operational extension for nearby office or retail users. Alternatively, its layout and zoning allow for a wide range of adaptive uses ranging from boutique retail or creative studio space to unique concepts such as a speakeasy or private lounge. This commercial unit is only available for purchase as a tie in, in conjunction with one of the other Morrison or Rankin Press condo units owned by the seller. Not available for independent purchase.
Sale Notes
This ground-level condo presents a rare opportunity to control a highly flexible space within one of downtown Asheville’s most prominent buildings. With direct street frontage and interior building access, the unit offers a level of functionality and versatility that is difficult to find in the urban core. Currently configured as a garage/storage suite, the space is positioned to serve as private parking, storage, or operational extension for nearby office or retail users. Alternatively, its layout and zoning allow for a wide range of adaptive uses ranging from boutique retail or creative studio space to unique concepts such as a speakeasy or private lounge. This commercial unit is only available for purchase as a tie in, in conjunction with one of the other Morrison or Rankin Press condo units owned by the seller. Not available for independent purchase.
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Unit 2
| Unit Size | 3,714 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | APN/Parcel ID | 9649-30-8769-C0002 |
| Unit Size | 3,714 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 9649-30-8769-C0002 |
Description
39 N Lexington Ave, Unit 2 presents a rare opportunity to acquire a character-rich, flexible-use space in the heart of downtown Asheville. Currently operating as Sweet Peas Hostel, the property offers a unique layout with expansive common areas, multiple private rooms, and existing kitchen and full bath infrastructure already in place. Exposed brick, hardwood floors, and abundant natural light create an authentic environment well suited for creative office, boutique hospitality, live/work, or wellness-oriented concepts. Located in one of Asheville’s most desirable and walkable corridors, the property offers a compelling opportunity for an owner-user or investor seeking a distinctive downtown asset.
Sale Notes
39 N Lexington Ave, Unit 2 presents a rare opportunity to acquire a character-rich, flexible-use space in the heart of downtown Asheville. Currently operating as Sweet Peas Hostel, the property offers a unique layout with expansive common areas, multiple private rooms, and existing kitchen and full bath infrastructure already in place. Exposed brick, hardwood floors, and abundant natural light create an authentic environment well suited for creative office, boutique hospitality, live/work, or wellness-oriented concepts. Located in one of Asheville’s most desirable and walkable corridors, the property offers a compelling opportunity for an owner-user or investor seeking a distinctive downtown asset.
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