39 N Lexington Ave - Storefront Retail/Office CONDO FOR SALE


Asheville, NC 28801- Downtown Asheville
$5,675,000 USD
828-844-8371
39 N Lexington Ave, Asheville, NC for Sale
$5,675,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/43
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39 N Lexington Ave
Asheville, NC 28801
Downtown Asheville


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.
  • Turnkey brewery/restaurant with a $2.5M build-out, offering a 15-barrel brewery system, 4 fermenters, a commercial kitchen, and open dining space.
  • Supports a wide range of retail, restaurant, or events businesses, with excellent downtown visibility and capacity for up to 365 guests.
  • Well-connected location with two public parking garages offering 900+ spaces across the street, ensuring seamless access for staff and customers.
  • Tap into Asheville’s thriving tourism industry, with more than 14 million annual visitors and over $3B in economic impact.
  • Benefit from an affluent local customer base of over 102,000 residents within 3 miles, offering more than $1.3B in annual consumer spending.

OVERVIEW

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 build-out 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 Central Business District (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 5-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.

FOR SALE DETAILS

PRICE

$5,675,000 USD

PRICE/SF

$747 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

18,242 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CBD

APN/PARCEL ID

9649-30-8769-00000

ASK ABOUT THIS PROPERTY

Jay LurieThe Real Estate CenterMore Info
828-844-8371

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Jay LurieThe Real Estate CenterMore Info
828-844-8371

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