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114 N Lexington Ave 7,042 SF Retail Building Asheville, NC 28801 $3,808,502 CAD ($540.83 CAD/SF)
INVESTMENT HIGHLIGHTS
- Historic & well-maintained 3-story brick building with 7,042 SF
- Interstate frontage and visibility from 2 major city streets
- Across the street is a paid parking lot with 82 spots with additional street metered parking
- Well-positioned at the signalized intersection of Exit 5A off I-240
- Immediate potential for value-add income through multi-tenant occupancy
EXECUTIVE SUMMARY
The historic & well-maintained Meadows Building is listed on the National Register of Historic Places. This property offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate visibility and road frontage from 2 major city streets with high VPD. 7,042 SF with 3 floors of usable space. Layout is conducive to redevelopment or alternate uses, providing value-add income potential. Lower level includes a retail area and commercial kitchen infrastructure with dumbwaiter accessing all floors. Platform passenger lift services upper two levels. Wood flooring, high ceilings, natural light, and both east and west facing views of mountains and the cityscape. Building went through a full scale renovation in 2008. Recent upgrades include a new roof in 2021 and new windows in 2023. Paid parking (82 spots) directly across the street with additional street metered parking.
Please contact the Listing Broker, Abigail Farrow, for all showing requests.
View More Information: https://singlepointmedia.hd.pics/114-N-Lexington-Ave
Please contact the Listing Broker, Abigail Farrow, for all showing requests.
View More Information: https://singlepointmedia.hd.pics/114-N-Lexington-Ave
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,042 SF
Building Class
B
Year Built
1926
Price
$3,808,502 CAD
Price Per SF
$540.83 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.69
Lot Size
0.06 AC
Zoning
CBD - Central Business District. See attachments.
Frontage
100’ on I-240
AMENITIES
- 24 Hour Access
- Bus Line
- Freeway Visibility
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9649-31-7795-00000 | Improvements Assessment | $1,138,412 CAD |
| Land Assessment | $274,726 CAD | Total Assessment | $1,413,138 CAD |
PROPERTY TAXES
Parcel Number
9649-31-7795-00000
Land Assessment
$274,726 CAD
Improvements Assessment
$1,138,412 CAD
Total Assessment
$1,413,138 CAD
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114 N Lexington Ave
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