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

39 N Lexington Avenue #2, Asheville, NC 28801

CBD space includes shared gathering areas, kitchen facilities, and a full bathroom.

Property SizeContact for details
Days on Market6

Property Features for 39 N Lexington Avenue #2

General Information

Standard status Active
Property subtype Commercial
Zoning CBD

Additional Details

Currently Operating Yes

Building Details

Year Built 1916
Listing Agency: NAI Beverly-Hanks
Listed By: Chris Mansfield · License ##340236
Source: Geoffcampbell
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 2:14PM

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

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Investment Insights

Based on property information with market context.

Located at 39 N Lexington Avenue, Unit 2, this 1916-built property currently operates as Sweet Peas Hostel. Its interior combines shared common areas with multiple private rooms, plus an existing kitchen and full bathroom. Exposed brick, hardwood flooring, and natural light are among its physical features.

The property is in downtown Asheville and is zoned CBD. Its existing room configuration and shared areas provide a distinct hospitality layout.

Key Highlights

  • Operating as Sweet Peas Hostel
  • Built in 1916
  • Multiple private rooms and expansive common areas

Property Analytics

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Open 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

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 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 - CBD space includes shared gathering areas, kitchen facilities, and a full bathroom.
Where is this hotel located?
The property is located at 39 N Lexington Avenue #2 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: Operating as Sweet Peas Hostel; Built in 1916; Multiple private rooms and expansive common areas
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