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114 Lexington Ave Asheville, NC 28801

For Sale
$2,900,000

Historic building, prime location, high potential.

Property size:
7,042 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional three-story, 7,042 square foot brick building presents a turnkey opportunity in Asheville's vibrant downtown core. Located at the signalized intersection of Exit 5A off I-240, it boasts prominent visibility from two major city streets and interstate frontage. The property features three distinct levels: a 2,240 square foot lower level with retail space and a commercial kitchen, complete with a platform passenger lift and dumbwaiter

Property Features for 114 Lexington Ave

General Information

Property type
Individual retail properties
Square Feet
7,042 SF
Lot Size
2,614 SF

Building Details

Year Built
1926
Buildings
1
Stories
3

HighLights

  • Historic, well‑maintained three‑story brick building in Asheville's vibrant downtown core.
  • High‑visibility location at the signalized intersection of I‑240 Exit 5A, with interstate frontage and exposure from two major streets.
  • 7,042 square feet of usable space across three floors, offering multi‑tenant income potential.
  • Lower level features 2,240 square feet of retail space, a commercial kitchen, passenger lift, and dumbwaiter.
  • Second floor comprises 2,384 square feet, currently housing a full‑service restaurant with street‑level access.
  • 2,418‑square‑foot upper level with a bar area, dumbwaiter access, and mountain/city views.
Property Profile Location Intelligence

Current Use by Public Records

Loretta's Café Event Planner

Suggested Use

Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Asheville
County
Buncombe
State
North Carolina
Longitude
-82.554108984768
Latitude
35.59855224724

FAQs

What type of property is this?
Individual retail property - Historic building, prime location, high potential.
Where is this individual retail property located?
The property is located at 114 Lexington Ave Asheville, NC.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Historic, well-maintained three-story brick building in Asheville's vibrant downtown core.; High-visibility location at the signalized intersection of I-240 Exit 5A, with interstate frontage and exposure from two major streets.; 7,042 square feet of usable space across three floors, offering multi-tenant income potential.
More about this property
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