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Ground-Level Flex Office/Storage Unit
For Sale
$432,400

5-39 N Lexington Ave, Asheville, NC 28801

Ground-level condo unit with direct street frontage and interior building access, currently configured for garage/storage use.

Property SizeContact for details
Days on Market145

Property Features for 5-39 N Lexington Ave

General Information

Standard status Active
Listing Agency: NAI Beverly-Hanks
Listed By: Chris Mansfield · License #340236
Source: Exprealty
Added: Apr 9 Changed: Aug 20 Last Checked: Aug 30 at 6:35PM

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 ground-level condo unit offers direct street frontage with access from the interior of the building. The space is currently configured as a garage/storage suite and can function as private parking and/or storage, as well as an operational extension for nearby office or retail users.

The unit is situated within one of downtown Asheville’s most prominent buildings and is described as highly flexible based on its layout and zoning, supporting adaptive uses such as retail or studio space, as well as private lounge-type concepts. It is available for purchase only as a tie-in with one of the other Morrison or Rankin Press condo units owned by the seller, and is not offered for independent purchase.

The property presents a practical, street-accessible configuration designed for flexible ground-level occupancy within the building.

Key Highlights

  • Ground‑level condo unit with direct street frontage and interior building access
  • Currently configured as a garage/storage suite
  • Suitable for private parking or storage for nearby office or retail users

Property Analytics

Current Use

Office Units

Suggested Use

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

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

4,687
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?
Office units - Ground-level condo unit with direct street frontage and interior building access, currently configured for garage/storage use.
Where is this office units located?
The property is located at 5-39 N Lexington Ave 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 condo unit with direct street frontage and interior building access; Currently configured as a garage/storage suite; Suitable for private parking or storage for nearby office or retail users
More about this property
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