Asheville Parking Garage For
For Sale
Contact for pricing
39 N Lexington Avenue N, Asheville, NC 28801
Parking garage located in Asheville, North Carolina available for purchase.
Property Size19,161 SF
Days on Market193
Property Features for 39 N Lexington Avenue N
General Information
Standard status
Active
Size
19,161 SF
Property subtype
Retail
Amenities
Other - See Remarks
Flat
Public Sewer
Additional parcels description:, Parcel Number: 9649-30-8769-C0001, Assessed Value: $1.8197e+06, Zoning: CBD
Concrete
Heat Pump
Listing ID: CAR4413955, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, 8 days on market
Built in 1916, 1 building, Construction Materials: Brick Full
County/Parish: Buncombe
Other structures: Other - See Remarks
Cable Available, Electricity Connected, Natural Gas, Other - See Remarks, Water Source: City
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Covered, Patio, Porch
Security System
Other equipment: Other - See Remarks
Building Details
Building Size
19,161 SF
Year Built
1916
Listing Agency:
Dewey Property Advisors
(828) 548-0090
Listed By:
Jay Lurie · License ##192865
(828) 216-8462
Source:
Blackstreaminternational
Added: Apr 12
Changed: Oct 19
Last Checked: Oct 19 at 10:14AM
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 Dewey Property Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located in Asheville, North Carolina, specifically at 39 N Lexington Avenue 2, in Buncombe County. The property can be accessed via the garage door off Rankin Avenue. It is classified as parking, automotive, retail, and general commercial real estate.
Key Highlights
- Central air conditioning for year‑round comfort
- Forced air heating
- Garage access off Rankin Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,526
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,670,520
$2.7M
Cap Rate 7%
$1,907,514
$1.9M
Cap Rate 9%
$1,483,622
$1.5M
Market Conditions
NOI Build-Up for 19,161 SF
Gross rent
$195.4K $10.20/SF
− Vacancy
−$4.7K −$0.24/SF
EGI
$190.8K $9.96/SF
− OpEx
−$57.2K −$2.99/SF
NOI
$133.5K $6.97/SF
Area
Buncombe County, NC
Vacancy
2.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,670,520
Cap Rate 7%
$1,907,514
Cap Rate 9%
$1,483,622
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.74M
NOI $224,667 @ 7.0% cap · market cap 1,036.86%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,526 @ 7.0% cap · market cap 616.24%
Theoretical Best
Office A
$6.06M
$5.30M – $7.07M
NOI $424,127 @ 7.0% cap · market cap 1,957.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,310
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 37%
Shops & Services 26%
Groceries 15%
Office Supplies 8%
Whole Foods Market
Groceries
20,347 visits/mo
0.4 miles
Shell
Shops & Services
20,324 visits/mo
0.3 miles
Staples
Office Supplies
11,125 visits/mo
0.4 miles
State Employees Credit Union
Shops & Services
9,288 visits/mo
0.4 miles
Cambria Hotel Downtown Asheville
Hotels & Casinos
8,998 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Ec car — 167 Patton Ave, Asheville, NC 28801
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Parking garage located in Asheville, North Carolina available for purchase.
Where is this parking lot & garage located?
The property is located at 39 N Lexington Avenue N Asheville, NC.
What are key features of this property?
This property features: Central air conditioning for year‑round comfort; Forced air heating; Garage access off Rankin Ave
