157 Lexington Ave Asheville, NC 28801

Property Details for 157 Lexington Ave

Year built

2007

Construction

WOOD FRAME

Property size

4,491 SF

Zone code

DEED DATE: 07/23/2015 DEE

Property type

Commercial real estate

APN

9648-48-1742-C0104

APU

9648481742C0104

Description

This exceptional Class A office building, located at 157 S Lexington Avenue in downtown Asheville, NC, offers 4,491 square feet on a 0.92-acre lot. The property boasts seven individual suites ranging in size from 367 to 939 square feet, providing flexibility for various business needs. Currently, four suites are leased, generating a stable income stream. Leases are full-service. Suite A (367 sq ft) leases for $850/month, Suite B1 (479 sq ft) for $1,200/month, Suite B2 (402 sq ft) for $800/month, and Suite F (939 sq ft) for $2,300/month. Three suites are currently vacant and available for lease: Suite C (523 sq ft) at $1,264/month, Suite D (936 sq ft) at $2,262/month, and Suite E (657 sq ft) at $1,500/month. Suites C, D, and E can be combined to create a larger 2,116 sq ft space, leasing for $5,025/month. The building features hardwood floors, abundant natural light, and access to patio spaces. Shared amenities include two common bathrooms and a kitchen/breakroom. Four parking spaces are available in a lower-level garage. This property presents a compelling investment opportunity with potential for significant rental income and future growth, situated within walking distance of all downtown and South Slope amenities. The asking price is $1,225,000.

Location Insight

City

Asheville

County

Buncombe

State

North Carolina

Longitude

-82.5522

Latitude

35.5905

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments