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    101 S Lexington Ave Asheville, NC 28801

    New
    For Lease
    $36 SF/Yr

    COMMERCIAL - Asheville, NC

    Lot size:
    0.90 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for 101 S Lexington Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Window features
    Display Window(s), Skylight(s)
    Zoning
    CBD
    APN
    9648-49-0078-00000
    Parking
    30
    Patio and Porch features
    Deck, Patio
    Appliances
    Dishwasher, Disposal, Exhaust Fan, Exhaust Hood, Freezer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Indoor Grill, Refrigerator
    Lot size
    0.90 Acres

    Taxes and HOA fees

    Expense value
    15000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Zoned
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1927
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Built-Up
    Additional Structures
    Workshop

    Appalachian Realty Associates (828) 255-7530 [email protected]

    Listing agent Bill Palas (828) 691-7194

    Listing date Dec 6, 2025

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Asheville Restaurant/Brewery Opportunity

    This fully developed restaurant/brewery is located in the heart of Downtown Asheville's South Slope Brewery District. The property sits on approximately 0.9 acres directly behind the Orange Peel Music Hall, surrounded by supporting restaurants, entertainment venues, and breweries. The building features a recent upscale renovation, including a commercial kitchen with a hood, a full bar, handicap restrooms, and a state-of-the-art operational custom brewery. A large warehouse space is accessible via three large garage doors. This property is located on two separate adjoining tax parcels, with one tax lot shared with the Sunshine Sammies Ice-cream Shop. This turn-key property is a great opportunity for a business to locate within the highly desirable Asheville Central Business District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    H1 Design Group Website Designer Ponderwell, LLC Computer Consultant Terra Nova Beer ... Brewery Mission Pizza Asheville Pizza Restaurant Point Global Logistics Transportation Service

    Suggested Use

    Restaurant Dental Office Realty agency Hair Salon Spa & Massage Law Firm Nail Salon Building Supply Daycare Center Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.552113
    Latitude
    35.591422

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    FAQs

    What type of property is this?
    Turn key restaurant - Turn-key restaurant/brewery in Asheville's South Slope Brewery District.
    Where is this turn key restaurant located?
    The property is located at 101 S Lexington Ave Asheville, NC.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Downtown Asheville's South Slope Brewery District, adjacent to the Orange Peel Music Hall.; - Turn-key, fully developed restaurant/brewery with recent upscale renovation.; - State-of-the-art operational custom brewery and commercial kitchen with hood.
    (828) 691-7194
    Request Owner's contact information
    101 S Lexington Ave Asheville, NC 28801
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    Asheville, NC 28801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 S Lexington Ave Asheville, NC 28801
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