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114 N Lexington Avenue, Asheville, NC 28801

Conventional restaurants

Space Size7,042 SF
Days on Market105

Property Features for 114 N Lexington Avenue

General Information

Standard status Active
Size 7,042 SF
Property subtype Retail, Office

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 7,042 SF
Year Built 1926
Year Renovated 2008
Stories 3
Tenancy Single

Spaces For Lease

at 114 N Lexington Avenue Contact us

Space 1

Size
7,042 SF
Availability
Active
Contact us
Listing Agency: Likewise Commercial Real Estate
Listed By: Abigail Farrow · License #NC 302812
Source: Crexi
Added: May 27 Changed: Sep 7 Last Checked: Sep 7 at 1:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Likewise Commercial Real Estate

Investment Insights

Based on property information with market context.

Key Highlights

  • 7,042 SF across three floors in Downtown Asheville’s LoLex District, built in 1926 with fully renovated updates
  • Signalized access at the Exit 5A off I‑240 location with interstate frontage plus visibility from 2 major city streets
  • ADA bathrooms on every floor (5 total) and an ADA passenger lift to the third floor from the Broadway St entrance

Property Analytics

Current Use

Loretta's Café Event Planning

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Barber Shop Locksmith Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,260
Businesses Nearby
287k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 39% Dining 21% Hotels & Casinos 18% Shops & Services 16%
Trader Joe's Groceries
46,740 visits/mo 0.3 miles
Harris Teeter Groceries
45,099 visits/mo 0.4 miles
Chick-fil-A Dining
41,844 visits/mo 0.5 miles
Whole Foods Market Groceries
20,347 visits/mo 0.3 miles
Shell Shops & Services
20,324 visits/mo 0.2 miles

Demographics for 28801, NC

15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

Where is this conventional restaurant located?
The property is located at 114 N Lexington Avenue Asheville, NC.
What are key features of this property?
This property features: 7,042 SF across three floors in Downtown Asheville’s LoLex District, built in 1926 with fully renovated updates; Signalized access at the Exit 5A off I‑240 location with interstate frontage plus visibility from 2 major city streets; ADA bathrooms on every floor (5 total) and an ADA passenger lift to the third floor from the Broadway St entrance
(828) 222-3685 Call to check price and availability
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