114 N Lexington Ave - Restaurant FOR SALE


Asheville, NC 28801- Downtown Asheville
$2,750,000 USD
828-333-2380
114 N Lexington Ave, Asheville, NC for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/49
null | Request Cap Rate

114 N Lexington Ave
Asheville, NC 28801
Downtown Asheville


HIGHLIGHTS

  • Historic & well-maintained 3-story brick building with 7,042 SF
  • Well-positioned at the signalized intersection of Exit 5A off I-240
  • Interstate frontage and visibility from 2 major city streets
  • Immediate potential for value-add income through multi-tenant occupancy
  • Across the street is a paid parking lot with 82 spots with additional street metered parking

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$391 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CBD

APN/PARCEL ID

9649-31-7795-00000

ASK ABOUT THIS PROPERTY

Abigail FarrowLikewise Commercial Real EstateMore Info
828-333-2380

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Abigail FarrowLikewise Commercial Real EstateMore Info
828-333-2380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.