Asheville, NC Retail Properties & Spaces for Sale

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Updated: Apr 24, 2025

Historic Meadows Building in Downtown

114 N Lexington Ave, Asheville, NC 28801

$2,600,000

7,042 sqft

High‑visibility location at a signalized intersection off I‑240 with road frontage on two major city streets.
Historic building listed on the National Register of Historic Places.
7,042 SF with 3 floors of usable space suitable for redevelopment or alternate uses.**
Commercial kitchen infrastructure and dumbwaiter accessing all floors.
Recent upgrades including a new roof (2021) and new windows (2023).

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This listing looks promising.

Here's a quick look at some key insights for

114 N Lexington Ave, Asheville, NC, 28801-2815

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Est. Cap Rate

5%
NOI ÷ price
Est. NOI

$131K
Annual
Price @ 7% Cap

$1.87M
Suggested

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Updated: Jul 31

Office Redevelopment Building with Brickwork

9 Reed Street, Asheville, NC 28803

$2,250,000

2.37 AC lot

2.37‑acre redevelopment site
Heavy‑duty steel support beams
Pour‑ready concrete foundations
Exposed historic brickwork
Built in 1921

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Freestanding Corner Commercial Building

167 Patton Avenue, Asheville, NC 28801

$1,400,000

0.32 AC lot

Freestanding building on a signalized corner with an open floor plan and CBD zoning for flexible downtown retail or office use.

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Retail Building with Corridor Frontage

853 Merrimon Avenue, Asheville, NC 28804

$2,350,000

0.78 AC lot

Two-parcel retail building offers 130 feet of frontage on a high-traffic Asheville corridor with ample surface parking.

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West Asheville Retail Corner Location

405 Haywood Road, Asheville, NC 28806

$2,500,000

2,400 sqft 0.28 AC lot

Established convenience store with high traffic and future use potential.

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Freestanding Round Retail/Office Building

738 Merrimon Avenue, Asheville, NC 28804

$525,000

0.13 AC lot

Versatile freestanding round building on a high-traffic commercial corridor with strong frontage and adaptable retail or office use.

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Storefront Property with River Access

704 Riverside Drive, Asheville, NC 28801

$250,000

0.13 AC lot

Flood-affected building shell with partitions, one bathroom, parking, and a separate shed/boathouse.

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Freestanding Retail Building

396 New Leicester Highway, Asheville, NC 28806

$795,000

2,544 sqft

Freestanding commercial building with prime frontage along NC-63 and high estimated daily traffic counts.

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Strip Center Shell at Corner

90 S Tunnel Rd, Asheville, NC 28805

$2,250,000

8,989 sqft

Signalized corner retail site with a structurally sound strip center shell formerly totaling approximately 8,989 SF.

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Freestanding Storefront Building

295 W Haywood Street, Asheville, NC 28801

$499,999

1,193 sqft

Single-occupancy commercial building with updated roof, siding, and windows, plus parking and storage.

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Downtown Bank Building with Drive-Thru

11 Church Street, Asheville, NC 28801

$11,450,000

25,215 sqft 0.78 AC lot

Multi-level bank building plus included downtown parcels, including a drive-thru at the main location.

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Historic Mixed-Use Redevelopment Property

9 Reed Street, Asheville, NC 28803

$2,250,000

2.37 AC lot

A 1921 industrial structure retains steel framing, concrete foundations, and exposed brick for adaptive reuse.

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Four-Story Mixed-Use Building

124 College Street, Asheville, NC 28801

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24,000 sqft 0.14 AC lot

Downtown property with adaptable floor plans, updated building systems, elevator service, and a combination of leased and vacant space.

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Historic Storefront Retail Space

25 Page Ave, Asheville, NC 28801

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1,100 sqft

Downtown storefront with tall ceilings, display windows, original hardwood flooring, and shared restrooms.

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Historic Downtown Storefront Property

43 Broadway Street, Asheville, NC 28801

$1,690,000

5,968 sqft

Street-level retail space with CBD zoning, upper-floor expansion potential, and a full unfinished basement.

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Live-Work Mixed-Use Property

28 N Lexington Avenue, Asheville, NC 28801

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3,400 sqft

Mixed-use building with fully leased street-level retail and an upper-floor residential unit above.

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Corner Retail Suite with Display Windows

5 Biltmore Plaza, Asheville, NC 28803

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4,301 sqft

Bright, open 4,301 SF corner space with generous display windows and visible signage in Biltmore Village.

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Retail Storefront Space in Walmart Center

1636 Hendersonville Rd, Asheville, NC 28803

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1,800 sqft

1,800 SF retail unit in a Walmart-anchored center with pylon signage, abundant parking, and signalized intersection access.

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Historic Downtown Storefront Space

25 Page Avenue Unit 103, Asheville, NC 28801

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1,100 sqft

Tall ceilings, display windows, and refinished original hardwood floors shape this downtown retail space.

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Asheville Multi-Tenant Net Leased Property

148 Tunnel Rd, Asheville, NC 28805

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6,700 sqft

A 6,700 SF property 100% leased to national tenants.

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Neighborhood Retail Center

9 Fallen Spruce Dr, Asheville, NC 28806

$1,750,000

Six-unit neighborhood retail center with one current vacancy, operating under NNN leases.

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Mixed-Use Retail and Apartments

9-13 Broadway St., Asheville, NC 28801

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6,276 sqft

Fully leased historic property built in 1920, updated in 2024, with three ground-floor retail spaces and two apartments.

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Bank Branch with Drive-Through

1375 Patton Avenue, Asheville, NC 28806

$875,000

Glass-and-brick bank building on a traffic-lit corner with abundant onsite parking and drive-through capability.

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Retail Center at Signalized Intersection

NNN Investment: 1078 Tunnel Rd, Asheville, NC 28805

$4,700,000

Retail center on a primary corridor with 25k+ VPD traffic and established neighboring retail and medical uses.

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Asheville, NC Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Asheville, NC, showcased through 42 active listings on our real estate platform. These investment opportunities span a total of 402,115 square feet of properties for sale, with an estimated market value of $50,503,999.

Sale prices for stores in Asheville, NC start at $250,000, averaging $2,404,952, and reaching up to $11,450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 139K

Population Growth (5Y) +4.9%

Median Household Income $66,351

College Educated 33.1%

High-Yield Neighborhoods for Investment

Identify Asheville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
28803	$764.6K
28806	$1.3M
28804	$1.4M
28801	$2.5M
28805	$5.3M

Taxes & Financing

Tax Rate (average for all types) 0.91%

Property Tax per SF $11.15 per SF

Tax Rate vs County Average 0.06 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Buncombe County

New Delisted

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