114 N Lexington Avenue , Asheville, NC 28801
Asheville, NC 28801
Description
This historic & well-maintained building offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate frontage from 2 major city streets. 7,042 SF with 3 floors of usable space, providing immediate potential for value-add income through multi-tenant occupancy. Lower level includes a retail area and a commercial kitchen with platform passenger lift and dumbwaiter accessing upper floors. Second level includes a restaurant with plenty of seating and entrances from two major streets. Upper level has a bar area with stunning views of both the mountains and the cityscape. There is dual stairwell access & possibility of division into two separate spaces. Strategically located on a destination street flanked by a diverse array of over 200 small businesses. Recent upgrades include a new roof in 2021 and new windows in 2023. Restaurant FF&E not included in sale but is negotiable.
Details
| MLS# | 4118249 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 183 |
| Listing Provided By | Carla & Company Real Estate Services | Abigail Farrow |
Features
| Bath(s) | 5 |
|---|---|
| SQ Feet | 7,042 |
| Story(s) | 3 |
| Building(s) | 1 |
| Zoning | CBD |
| Acreage | 0.06 |
| Property View | City, Mountain(s), Winter, Year |
Market Activity 28801
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Learn More About This Property
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| Listing VS Median (in 28801) | |
Price: $2,900,000 low | high Med: $640,000 SqFt: 7,042 low | high Med: 771 $ / SqFt: $412 low | high Med: $839 On Site: 183 low | high Med: 442.500000 | |