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Asheville Elevated Living | Ivester Jackson Blackstream | Christie's International Real Estate
157 S Lexington Avenue, Asheville, NC 28801
- $1,050,000
- 2
- BA
Listing courtesy of Whitney Commercial Real Estate. jharrison@whitneycre.com
Sold listing courtesy of Whitney Commercial Real Estate
- Sold Price
- $1,050,000
- List Price
- $1,125,000
- MLS#
- 4213325
- Status
- CLOSED
- Days on Market
- 294
- Property Type
- Commercial Sale
- Year Built
- 2007
- Closing Date
- Nov 03, 2025
- Bathrooms
- 2
- Lot Size
- 40,075
- Lot Size Area
- 0.92
- County
- Buncombe
- Special Conditions
- None
Property Description
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 D (936 RSF) is leased short-term and will vacate upon execution of a new lease. Offered for lease at $27.50/SF ($2,145/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.
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Additional Information
- Driveway
- Paved
- Zoning
- CBD
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