About 114 N Lexington Avenue
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.
Features of 114 N Lexington Avenue
MLS® # | 4118249 |
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Price | $2,900,000 |
Bathrooms | 0.00 |
Acres | 0.06 |
Year Built | 1926 |
Type | Commercial Sale |
Sub-Type | Retail |
Status | Active |
Community Information
Address | 114 N Lexington Avenue |
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City | Asheville |
County | Buncombe |
State | NC |
Zip Code | 28801 |
Amenities
Utilities | Electricity Connected, Gas |
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Garages | On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site) |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Central, Zoned |
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Cooling | Central Air, Zoned |
Fireplace | No |
Has Basement | No |
Exterior
Lot Description | Paved, Views, Other - See Remarks |
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Roof | Flat |
Construction | Brick Full |
Additional Information
Date Listed | April 9th, 2024 |
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Days on Market | 241 |
Zoning | CBD |
Foreclosure | No |
Short Sale | No |
Listing Details
Office | Carla & Company Real Estate Services |
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