28 N Lexington Ave - Storefront Retail/Residential FOR SALE


Asheville, NC 28801- Downtown Asheville
$1,500,000 USD
828-216-8462
28 N Lexington Ave, Asheville, NC for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

28 N Lexington Ave
Asheville, NC 28801
Downtown Asheville


HIGHLIGHTS

  • 1,700 SF street-level retail and 1,700 SF upperfloor residential units
  • Fully leased with established tenants
  • Historic brick, open layouts, and large windows
  • Strong pedestrian traffic and walkable Downtown access

OVERVIEW

Boutique Downtown Residential & Retail Duo combining street-level retail with upper-floor residential unit on Lexington Avenue and Tingle Alley. Positioned in the heart of downtown Asheville’s vibrant Lexington Avenue district, 28 N. Lexington Avenue and 7 Tingle Alley present a rare opportunity to own a true live/work property in one of the city’s most dynamic corridors. Ideal for owner-operators, the property offers the ability to live just above your business— creating a seamless lifestyle rooted in the energy of downtown—while also providing the flexibility to generate income from either level. Whether you choose to occupy the upper residence or lease it, the layout supports both personal use and long-term investment. The street-level retail space is fully leased, delivering immediate, stable income, while the character-rich residential unit above presents additional revenue potential or a unique opportunity for an owner to establish a presence directly within their business footprint. Surrounded by Asheville’s most active dining, arts, and retail destinations, the property benefits from consistent foot traffic and strong local demand—positioning it as both a lifestyle asset and a smart income-producing investment. Located in downtown Asheville’s core tourism and entertainment district, surrounded by restaurants, galleries, hotels, and cultural destinations.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$452 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CBD

APN/PARCEL ID

9649-40-0770-00000

ASK ABOUT THIS PROPERTY

Jay LurieDewey Property AdvisorsMore Info
828-216-8462

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Jay LurieDewey Property AdvisorsMore Info
828-216-8462

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