125-161 S Lexington Ave - Apartments CONDO FOR SALE


Asheville, NC 28801- Downtown Asheville
$1,750,000 USD
305-582-7300
125-161 S Lexington Ave, Asheville, NC for Sale
$1,750,000 USD
Apartments CONDO - FOR SALE
1/38
null | Request Cap Rate

125-161 S Lexington Ave
Asheville, NC 28801
Downtown Asheville


HIGHLIGHTS

  • 4,405 SF office/retail condominium in a mixed-use building in the heart of Asheville's South Slope district
  • Flexible, professionally built-out layout: 9 private suites, an open collaborative work area, 3 cubicle offices, 3 fully equipped meeting rooms
  • Dedicated event space with kitchen area plus access to a spacious private outdoor patio — ideal for staff, clients, or gatherings
  • Steps from Pack Square Park, Haywood Street, Grove Arcade, and the South Slope district's breweries, restaurants, and retail
  • 5 dedicated parking spaces in a lower-level garage — a rare and valuable feature in this submarket
  • Suited for an owner-occupant, flex/coworking operator, or investor seeking a turnkey Downtown Asheville asset

OVERVIEW

Entire commercial space available for sale. The space is currently configured with multiple private offices and flexible workspace, with individual one-year agreements in place. Most existing agreements include a 60-day cancellation provision, providing flexibility for a new tenant, owner-user, or investor to modify the existing occupancy over time. Agreements may also be renewed as they reach the end of their respective terms. Furniture, fixtures, and equipment may be available for purchase separately, providing an opportunity for a turnkey transition. Additional details regarding the space, existing agreements, and purchase terms are available upon request.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

65,778 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CBD

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

ASK ABOUT THIS PROPERTY

Alison PagesVITAL Real Estate Services LLCMore Info
305-582-7300

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Alison PagesVITAL Real Estate Services LLCMore Info
305-582-7300

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