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157 S Lexington Avenue, Asheville, NC 28801
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$1,125,000
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Home Details for 157 S Lexington Avenue
Price
$1,125,000
Type
Commercial/Industrial
Total Bathrooms
2
Year Build
2007
County
Buncombe
MLS®️ Listing#
4213325
On exitrealty.com
254 days
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.
Listing Courtesy: Whitney Commercial Real Estate - jharrison@whitneycre.com
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.Last Updated: 2025-09-04 00:22:22
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