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Ground-Level Flex Condo
For Sale
$432,400

39 N Lexington Ave Unit 5, Asheville, NC 28801

Street-front commercial unit with garage and storage configuration in downtown Asheville.

Property SizeContact for details
Days on Market45

Property Features for 39 N Lexington Ave Unit 5

General Information

Standard status Active

Additional Details

Floor Ground

Building Details

Year Built 1916
Listing Agency: NAI Allen Tate Beverly-Hanks Commercial
Listed By: Chris Mansfield · License ##340236
Source: Highperformancerea
Added: Jul 16 Changed: Aug 28 Last Checked: Aug 28 at 1:11PM

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 ground-level flex condominium at 39 N Lexington Ave Unit 5 provides a street-facing commercial footprint with separate interior access within the building. The space is currently arranged as a garage and storage suite, offering adaptable utility for private parking, storage, or an operational extension for nearby office or retail users.

The unit is located in downtown Asheville and was built in 1916. Its layout and zoning support adaptive concepts including boutique retail, creative studio use, a speakeasy, or a private lounge. The property is available only as a purchase tie-in with another Morrison or Rankin Press condo unit owned by the seller and cannot be purchased independently.

Key Highlights

  • Ground‑level flex condominium at 39 N Lexington Ave Unit 5
  • Direct street frontage with interior building access
  • Currently configured as a garage and storage suite

Property Analytics

Current Use

Bold Rock Asheville Restaurant Collaboratory Production Facility

Suggested Use

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

5,310
Businesses Nearby
Balanced
Demand for This Use

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Street-front commercial unit with garage and storage configuration in downtown Asheville.
Where is this flex space located?
The property is located at 39 N Lexington Ave Unit 5 Asheville, NC.
What is the asking price?
The asking price for this property is $432,400.
What are key features of this property?
This property features: Ground‑level flex condominium at 39 N Lexington Ave Unit 5; Direct street frontage with interior building access; Currently configured as a garage and storage suite
More about this property
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