This Property is no longer advertised on Showcase.com.
Off Market
1/20

125-161 S Lexington Ave
Asheville, NC 28801


HIGHLIGHTS

  • Prime Downtown Asheville location.
  • $241 per SF.
  • Four parking spaces.
  • 7.7% Cap Rate.
  • 8 units.
  • Class A Finishes throughout.

OVERVIEW

Downtown Asheville Investment | 7.7% Cap Rate | $1,125,000 Premier office investment in Asheville’s South Slope, fully leased with in-place income and a 7.7% cap rate at $1,125,000 ($241/SF). Ideal for investors or owner-users: Suite C (523 RSF) is available. Offered for lease at $29.00/SF ($1,264/month). The property totals 4,663 RSF across 8 suites with Class A finishes, hardwood floors, large windows, shared restrooms, kitchen/break area, and patio access in select units. Strong tenant mix and prime location steps from breweries, restaurants, and downtown amenities.

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

-

% LEASED

-

BUILDING DETAILS

PROPERTY NAME

157 S. Lexington Ave: 7.7% Cap | $241/SF

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

65778

STORIES

3

YEAR BUILT

2007

PARKING SPACES

43

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

9648-48-1412-00000,9648-48-1742-00000,9648-48-1742-C0104,9648-48-1742-C0308,9648-48-1742-C0311,9648-48-1943-00000,9648-48-1943-C0208