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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 Market190
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Property Features for 2-39 N Lexington Avenue

General Information

Standard status Active
Listing Agency: NAI Allen Tate Beverly-Hanks Commercial
Listed By: Chris Mansfield · License ##340236
Source: Exprealty
Added: Apr 9 Changed: Oct 15 Last Checked: Oct 15 at 1:25AM

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 Allen Tate Beverly-Hanks Commercial

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

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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