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114 N Lexington Ave Asheville, NC 28801

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For Sale
$2,750,000

Historic building with redevelopment potential in vibrant downtown Asheville.

Property Features for 114 N Lexington Ave

General Information

Standard status
Active

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Listing Contact
Abigail Farrow
Source: Exprealty

Listing Agency: Likewise Commercial Real Estate Listing Agent: Abigail Farrow

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Historic Meadows Building in Downtown

The historic Meadows Building, listed on the National Register of Historic Places, is located in Downtown Asheville. The 7,042 square foot building features three floors of usable space and is situated at a signalized intersection off I-240, offering interstate visibility and road frontage from two major city streets. The layout is conducive to redevelopment or alternate uses, providing value-add income potential. The lower level includes a retail area and commercial kitchen infrastructure with a dumbwaiter accessing all floors. A platform passenger lift services the upper two levels. Interior features include wood flooring, high ceilings, natural light, and east and west-facing views of the mountains and cityscape. The building underwent a full-scale renovation in 2008, with a new roof installed in 2021 and new windows in 2023. Paid parking with 82 spots is available directly across the street, with additional metered street parking.
Location Intelligence

Current Use by Public Records

Loretta's Café Event Planner

Suggested Use

Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

Location Insight

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  • Local Demand
City
Asheville
County
Buncombe
State
North Carolina
Longitude
-82.5539027
Latitude
35.5986855

FAQs

What type of property is this?
Office building - Historic building with redevelopment potential in vibrant downtown Asheville.
Where is this office building located?
The property is located at 114 N Lexington Ave Asheville, NC.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: - High-visibility location at a signalized intersection off I-240 with road frontage on two major city streets.; - Historic building listed on the National Register of Historic Places.; - **7,042 SF with 3 floors of usable space suitable for redevelopment or alternate uses.**
More about this property
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