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Hotel Space with Private Rooms
For Sale
$1,800,000

2-39 N Lexington Avenue, Asheville, NC 28801

Downtown lodging space with shared areas, kitchen and full-bath infrastructure, plus original interior finishes.

Property SizeContact for details
Days on Market145

Property Features for 2-39 N Lexington Avenue

General Information

Standard status Active
Listing Agency: NAI Beverly-Hanks
Listed By: Chris Mansfield · License #340236
Source: Exprealty
Added: Apr 9 Changed: Aug 30 Last Checked: Aug 30 at 2:05PM

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 NAI Beverly-Hanks

Investment Insights

Based on property information with market context.

This downtown lodging property combines private rooms with expansive shared areas and existing kitchen and full-bath infrastructure. Exposed brick, hardwood flooring, and substantial natural light define the interior, while the current Sweet Peas Hostel operation demonstrates an established hospitality configuration.

Situated at 39 N Lexington Ave, Unit 2 in Asheville, the space is positioned within a walkable downtown corridor. Its existing room layout and common-area design also support the flexible-use concepts identified for the property, including creative office, live-work, wellness, and boutique hospitality applications.

Key Highlights

  • Current Sweet Peas Hostel operation at 39 N Lexington Ave, Unit 2
  • Multiple private rooms paired with expansive common areas
  • Existing kitchen and full‑bath infrastructure

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Butcher Locksmith Tanning Salon 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.

Location Intelligence

Trade Area within ½ mile

5,194
Businesses Nearby

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Hotel - Downtown lodging space with shared areas, kitchen and full-bath infrastructure, plus original interior finishes.
Where is this hotel located?
The property is located at 2-39 N Lexington Avenue Asheville, NC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Current Sweet Peas Hostel operation at 39 N Lexington Ave, Unit 2; Multiple private rooms paired with expansive common areas; Existing kitchen and full‑bath infrastructure
More about this property
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