114 N Lexington AveAsheville, NC

For Sale
  • List Price
  • MLS Number
  • Baths
  • Square Feet
  • Year Built
  • Lot Size
    0.06+/- Acre
Turn-Key opportunity for investors and entrepreneurs! This historic & well-maintained 3-story brick building offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection of Exit 5A off I-240, this property offers both interstate frontage and visibility from 2 major city streets. Total of 7,042 SF with 3 floors of usable space, providing immediate potential for value-add income through multi-tenant occupancy. Lower level is 2,240 SF and includes a retail area and a commercial kitchen with platform passenger lift and dumbwaiter accessing upper floors. Second level is 2,384 SF and includes a full service restaurant with plenty of seating and entrances from two major streets in downtown Asheville. Upper level is 2,418 SF and currently has a bar area with a dumb waiter from the kitchen and offers stunning views of both the mountains and the cityscape. There is dual stairwell access & possibility of division into two separate spaces. Each level features unique historical architectural details and loads of natural light. Strategically located in a coveted location on Lexington Avenue, a renowned destination street flanked by the bustling thoroughfares and serves as a dynamic creative corridor, boasting a diverse array of over 200 small businesses and shops, ranging from chic retro boutiques to inviting restaurants & brewpubs. Across the street is a paid parking lot with 82 spots with additional street metered parking. Recent upgrades including a new roof in 2021 and new windows in 2023. The area is alive with activity, hosting the beloved Downtown After 5 free street festival, drawing in crowds of around 5,000 every third Friday during the summer months. Restaurant FF&E not included in sale but is negotiable.

PLEASE DO NOT DISTURB THE OWNER OR STAFF. Showings will only take place Monday, Tuesday, Thursday & Friday after 5PM. Saturday showings available upon request. Listing agent accompany. 24 hour required notice for all showings. Please do not disturb owner.