Asheville NC - 40,000sf For Sale 3 Retail Properties Offered at $13,000,000 in Asheville, NC

**The Star Block Portfolio | Downtown Asheville, NC**
This Asheville NC Portfolio presents a rare opportunity to acquire a collection of interconnected historic mixed-use assets in the heart of downtown Asheville's thriving Broadway–Lexington corridor. This premier urban portfolio includes 9–13 Broadway Street, 15 Broadway Street/24 N. Lexington Avenue, 28 N. Lexington Avenue, 7 Tingle Alley, and the adjacent 76 College Street parking lot, creating a unique blend of stabilized income-producing properties and value-add redevelopment potential.
The portfolio features a diverse mix of retail, restaurant, residential, and parking income streams, anchored by long-term tenants and strategically positioned within one of Asheville's most active tourism, dining, and entertainment districts. Existing assets include fully leased retail storefronts, restaurant space, furnished residential apartments, and dedicated downtown parking, providing immediate cash flow and operational stability.
A significant component of the offering is the proposed Zelda Salon Boutique Hotel redevelopment at 15 Broadway Street and 24 N. Lexington Avenue. Planned as a 35-key boutique hospitality destination, the project is designed to preserve the property's historic character while introducing curated guest accommodations, hospitality amenities, and street-level retail frontage along both Broadway Street and Lexington Avenue.
Located within walking distance of Pack Square, Grove Arcade, S&W Market, the Asheville Art Museum, and numerous hotels, restaurants, and entertainment venues, the portfolio benefits from exceptional pedestrian traffic and strong tourism fundamentals. The inclusion of approximately 20 dedicated parking spaces at 76 College Street further enhances the long-term value and redevelopment flexibility of the portfolio.
The Portfolio offers investors a unique opportunity to acquire irreplaceable downtown Asheville real estate with a combination of stabilized cash flow, historic character, and transformative redevelopment potential in one of the Southeast's most desirable urban markets.