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39 N Lexington Ave 7,600 SF Retail Condo Unit Offered at $7,719,759 CAD in Asheville, NC 28801

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Investment Highlights

  • Flexible condo offering 7,000 SF of impactful retail space and 600 SF of cold/dry storage, with a prime location in the heart of downtown Asheville.
  • Supports a wide range of retail, restaurant, or events businesses, with excellent downtown visibility and capacity for up to 365 guests.
  • Tap into Asheville’s thriving tourism industry, with more than 14 million annual visitors and over $3B in economic impact.
  • Turnkey brewery/restaurant with a $2.5M buildout, offering a 15-barrel brewery system, 4 fermenters, a commercial kitchen, and open dining space.
  • Well-connected location with two public parking garages offering 900+ spaces across the street, ensuring seamless access for staff and customers.
  • Benefit from an affluent local customer base of over 102,000 residents within 3 miles, offering more than $1.3B in annual consumer spending.

Executive Summary

Claim a top spot in Downtown Asheville with the premier commercial condo available at 39 N Lexington Avenue. Offering 7,600 square feet of flexible retail space, this rare opportunity presents the perfect choice for a wide range of restaurants, breweries, retailers, and service-based businesses seeking a prominent downtown presence. This historic property, once home to Oscar Blues Brewery and Bold Rock Hard Cider Taproom, carries a legacy of success and strong recognition in the local market. It features 7,000 square feet of ground-level retail space complemented by 600 square feet of dry and cold storage on the second floor. The current state-of-the-art buildout includes a 15-barrel brewhouse, four fermenters, a fully equipped commercial kitchen, and a spacious dining area with seating for 365 guests, all with attractive, high-end finishes and fixtures. More than $2.5 million in improvements have been completed, offering immediate value for restaurant and brewery ventures eager to commence operations without delay. The condo’s adaptable floor plan and high-impact location create a versatile environment for a variety of traffic-dependent businesses. The property’s flexible CBD zoning permits many commercial uses, enabling a wide range of tenants to tailor the space to their specific needs. Additionally, the property sits just across from two large public parking garages, providing convenient parking for over 900 vehicles. The infrastructure and amenities provide an exceptional foundation for businesses seeking to thrive in a competitive market. Asheville’s downtown area, rated by Forbes as the ninth most popular US travel destination for 2025, is renowned for its vibrant atmosphere, clean walkable streets, and exceptional vehicle and foot traffic. The property benefits from this thriving environment, offering unparalleled exposure to both the local population and the city’s robust tourism base. With more than 14 million annual visitors contributing over $3 billion to the local economy, and a growing residential population of over 102,000 within a five-mile radius generating $1.3 billion in consumer spending, the site is ideally positioned for sustainable business growth. The seller is also willing to consider a lease/purchase for qualified tenants and buyers. Contact Jay Lurie today to hear additional details and to schedule a tour. **Tourist stats reflect pre-Helene trends**

Property Facts

Total Building Size 18,242 SF
Property Type Retail (Condo)
Property Subtype Storefront Retail/Office
Building Class B
Floors 3
Typical Floor Size 6,080 SF
Year Built 1916
Tenancy Single
Lot Size 0.17 AC
Zoning CBD - Central Business District

Amenities

  • Signage
  • Signalized Intersection
  • Air Conditioning

1 Unit Available

Unit 39

Unit Size 7,600 SF
Price $7,719,759 CAD
Price Per SF $1,015.76 CAD
Condo Use Retail
Sale Type Investment or Owner User
Quality Brewery Equipment
Spacious Open Dining Area
Welcoming Entryway
Flexible Open Layout
Rich Natural Lighting

+4 More

Large Bar Seating
View Photo Quality Brewery Equipment
View Photo Spacious Open Dining Area
View Photo Welcoming Entryway
View Photo Flexible Open Layout
View Photo Rich Natural Lighting
View Photo Large Bar Seating
View Photo Capacity for up to 365 Guests
View Photo Turnkey Brewery/Restaurant Build-Out
View Photo Welcoming Front Entryway with Vestibule
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
15 min drive
2024 Population
11,592
54,832
102,262
136,689
2029 Population
12,137
56,871
105,926
140,451
2024-2029 Projected Population Growth
4.7%
3.7%
3.6%
2.8%
Median Age
39.9
40.1
41.0
42.1
College Degree + Higher
46%
46%
44%
28%
Daytime Employees
24,200
68,488
89,561
108,180
Total Businesses
3,399
8,545
11,564
14,653
Average Household Income
$83,237
$90,754
$91,162
$96,833
Median Household Income
$53,078
$61,271
$63,070
$70,004
Total Consumer Spending
$151.2M
$728.7M
$1.4B
$1.8B
2024 Households
5,832
24,993
45,677
60,923
Average Home Value
$548,174
$468,501
$436,535
$523,067
$ values in USD

Nearby Major Retailers

The YMCA
Bank of America
TD Bank
First Bank NC
Five Guys
iLoveKickboxing
Trader Joe's
Harris Teeter
First Citizens Bank
Starbucks
  • Listing ID: 37315703

  • Date on Market: 2025-08-18

  • Last Updated:

  • Address: 39 N Lexington Ave, Asheville, NC 28801

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