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Property profile & analytics
FOR SALE
Flex space

39 N Lexington Ave 5 Asheville, NC 28801

806 SF Built 1916
Property ID
US53-Q021215
Property summary
AI-generated overview

This ground-level condo presents a rare opportunity to control a highly flexible space within one of downtown Asheville's most prominent buildings. With direct street frontage and interior building access, the unit offers a level of functionality and versatility that is difficult to find in the urban core. Currently configured as a garage/storage suite, the space is positioned to serve as private parking, storage, or operational extension for nearby office or retail users. Alternatively, its layout and zoning allow for a wide range of adaptive uses ranging from boutique retail or creative studio space to unique concepts such as a speakeasy or private lounge. This commercial unit is only available for purchase as a tie in, in conjunction with one of the other Morrison or Rankin Press condo units owned by the seller. Not available for independent purchase.

Property profile
Verified
Property type Flex space
Year built 1916
Total area 806 SF
UPID US53-Q021215
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bold Rock Asheville Restaurant
  • Collaboratory Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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