For Sale
$1,225,000

157 Lexington AveAsheville, NC 28801

Prime location, versatile office suites.

Overview

Added:
Feb 3
Days on market:
65
This exceptional Class A office building, located at 157 S Lexington Avenue in downtown Asheville, NC, offers 4,491 square feet on a 0.92-acre lot. The property boasts seven individual suites ranging in size from 367 to 939 square feet, providing flexibility for various business needs. Currently, four suites are leased, generating a stable income stream. Leases are full-service. Suite A (367 sq ft) leases for $850/month, Suite B1 (479 sq ft) for $1,200/month, Suite B2 (402 sq ft) for $800/month, and Suite F (939 sq ft) for $2,300/month. Three suites are currently vacant and available for lease: Suite C (523 sq ft) at $1,264/month, Suite D (936 sq ft) at $2,262/month, and Suite E (657 sq ft) at $1,500/month. Suites C, D, and E can be combined to create a larger 2,116 sq ft space, leasing for $5,025/month. The building features hardwood floors, abundant natural light, and access to patio spaces. Shared amenities include two common bathrooms and a kitchen/breakroom. Four parking spaces are available in a lower-level garage. This property presents a compelling investment opportunity with potential for significant rental income and future growth, situated within walking distance of all downtown and South Slope amenities. The asking price is $1,225,000.

Property Details for 157 Lexington Ave

Property type
Office properties
Square Feet
4,491 SF
Year Built
2007
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Asheville
County
Buncombe
State
North Carolina
Latitude
35.59052
Longitude
-82.55224
157 Lexington Ave, Asheville, North Carolina

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157 Lexington Ave
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