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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 | Typical Floor Size | 6,080 SF |
| Property Type | Retail (Condo) | Year Built | 1916 |
| Property Subtype | Storefront Retail/Office | Tenancy | Single |
| Building Class | B | Lot Size | 0.17 AC |
| Floors | 3 | ||
| Zoning | CBD - Central Business District | ||
| 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 | Condo Use | Retail |
| Price | $7,719,759 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $1,015.76 CAD |
| 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
Large Bar Seating
Capacity for up to 365 Guests
Turnkey Brewery/Restaurant Build-Out
Welcoming Front Entryway with Vestibule
Demographics
Demographics
Nearby Major Retailers
Presented by
39 N Lexington Ave
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