Asheville, NC Retail Space for Sale

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20 properties

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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 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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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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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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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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Interstate-Adjacent Retail Shopping Center

15-40 Peaks Center Lane, Asheville, NC 28805

$8,800,000

Interstate-adjacent retail shopping center with immediate visibility and high daily traffic counts from and in front of the property.

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Retail-Office-Warehouse Building

23 Hamilton St, Asheville, NC 28801

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7,824 sqft

Includes retail-office space and a 20' ceiling warehouse with covered loading docks and off-street parking.

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Multi-Building Retail/Office Property

1263 Sweeten Creek Road, Asheville, NC 28803

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Multi-building property zoned Commercial Industrial along a high-traffic five-lane road.

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Free-Standing Retail Building

209 Tunnel Rd, Asheville, NC 28805

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Free-standing retail building along Tunnel Road in Asheville’s retail corridor, described as less than 10 years old.

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Neighborhood Retail Center with 4 Units

1453 Merrimon Avenue, Asheville, NC 28804

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Neighborhood retail center offers separate utilities and configuration for four units, currently fully occupied by Asheville Pet Supply.

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Asheville Office/Retail Corner Unit

120 Coxe Avenue, Unit 1C, Asheville, NC 28801

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Class A office/retail space in Asheville's South Slope district.

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Street-Level Retail Suite

363 Hilliard Avenue, Asheville, NC 28801

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New construction with high ceilings, onsite parking, and adjacency to a residential project’s coworking amenities.

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Downtown Asheville Corner Retail Building

79 Asheland Ave, Asheville, NC 28801

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1,648 sqft

Prime downtown location with high visibility and development potential.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Asheville, NC, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

Off-Market Properties in Asheville, NC

Consider similar Off-Market properties in Asheville, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RETAIL STORES (PERSONAL SERVICES)

164 Broadway St, Asheville, NC 28801

$710,000

Estimated value

11,552 sqft 0.14 AC lot

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RETAIL STORES (PERSONAL SERVICES)

721 Haywood Rd, Asheville, NC 28806-3111

$290,000

Estimated value

1,010 sqft 0.03 AC lot

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RETAIL STORES (PERSONAL SERVICES)

66 Broadway St, Asheville, NC 28801-2916

$525,000

Estimated value

4,186 sqft 0.05 AC lot

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RETAIL STORES (PERSONAL SERVICES)

18 Church St, Asheville, NC 28801-3304

$1,175,000

Estimated value

10,880 sqft 0.06 AC lot

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Asheville, NC Retail Space Market Trends and Statistics

Explore 72 retail space for sale in Asheville, NC, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 67,602 square feet of properties for sale, with an estimated market value of $16,910,000.

Sale prices for retail space in Asheville, NC start at $250,000, averaging $2,415,714, and reaching up to $8,800,000 — 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
28804	$525K
28806	$835K
28803	$1.6M
28801	$1.7M
28805	$5.5M

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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