0 Beds

5 Baths

n/a SqFt

Active

This historic & well-maintained building offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate frontage from 2 major city streets. 7,042 SF with 3 floors of usable space, providing immediate potential for value-add income through multi-tenant occupancy. Lower level includes a retail area and a commercial kitchen with platform passenger lift and dumbwaiter accessing upper floors. Second level includes a restaurant with plenty of seating and entrances from two major streets. Upper level has a bar area with stunning views of both the mountains and the cityscape. There is dual stairwell access & possibility of division into two separate spaces. Strategically located on a destination street flanked by a diverse array of over 200 small businesses. Recent upgrades include a new roof in 2021 and new windows in 2023. Restaurant FF&E not included in sale but is negotiable.

Property Details
Price $3,000,000
Total Baths 5
Lot Size Area 0.06
Lot Size Area Units Acres
Property Type Commercial
Sub type Retail
MLS Sub type Retail
Stories 3
Year Built 1926
View City, Mountain(s), Winter, Year Round
Roof Flat
Heating Central, Zoned
Foundation Slab
Accessibility Two or More Access Exits, Bath 60 Inch Turning Radius, Bath Grab Bars, Elevator, Mobility Friendly Flooring
Lot Description Paved, Views, Other - See Remarks
Parking Description On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site)
Geographic Data
County Buncombe
Latitude 35.5987147
Longitude -82.55385343
Address Information
Address 114 N Lexington Avenue, Asheville, NC 28801
Postal Code 28801
City Asheville
Cross Street Broadway
State NC
Country United States
Listing Information
Listing Office Carla & Company Real Estate Services
Listing Office Phone 828-222-3685
Listing Agent Abigail Strudel Griffin
Listing Agent Phone 828-333-2380
Sub Agency Compensation Type %
Buyer Agency Compensation 3
Attribution Contact abigail@carla-co.com
Sub Agency Compensation 0
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Terms Cash, Conventional
Virtual Tour URL https://singlepointmedia.hd.pics/114-N-Lexington-Ave/idx
MLS Information
Days on market 6
MLS Status Active
Listing Date Apr 9, 2024
Listing Last Modified Apr 15, 2024
Tax ID 964931779500000
MLS # CAR4118249

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This information is believed to be accurate, but without any warranty.