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    157 Lexington Ave Asheville, NC 28801

    Sponsored
    For Sale
    $1,225,000

    Prime location, versatile office suites.

    Property size:
    4,491 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Class A office building, located at 157 S Lexington Avenue in downtown Asheville, NC, offers 4,491 square feet on a 0.92-acre lot. The property boasts seven individual suites ranging in size from 367 to 939 square feet, providing flexibility for various business needs. Currently, four suites are leased, generating a stable income stream. Leases are full-service. Suite A (367 sq ft) leases for $850/month, Suite B1 (479 sq ft) for $1,200/month, Suite B2 (402 sq ft) for $800/month, and Suite F (939 sq ft) for $2,300/month. Three suites are currently vacant and available for lease: Suite C (523 sq ft) at $1,264/month, Suite D (936 sq ft) at $2,262/month, and Suite E (657 sq ft) at $1,500/month. Suites C, D, and E can be combined to create a larger 2,116 sq ft space, leasing for $5,025/month. The building features hardwood floors, abundant natural light, and access to patio spaces. Shared amenities include two common bathrooms and a kitchen/breakroom. Four parking spaces are available in a lower-level garage. This property presents a compelling investment opportunity with potential for significant rental income and future growth, situated within walking distance of all downtown and South Slope amenities. The asking price is $1,225,000.

    Property Features for 157 Lexington Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,491 SF
    Lot Size
    40,075 SF

    Building Details

    Year Built
    2007
    Property Profile Location Intelligence

    Current Use by Public Records

    Homespun Investment Realty Real Estate Agent cJem Designs Architect Tasha Pepi, Realtor ... Real Estate Agent DCJ Counseling, PLLC Counselor Worthy Offer Team Property Investment Company

    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
    -82.55224
    Latitude
    35.59052

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, versatile office suites.
    Where is this office property / space located?
    The property is located at 157 Lexington Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $1,225,000.
    (828) 665-9085
    Request Owner's contact information
    157 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
    157 Lexington Ave Asheville, NC 28801
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