114 Lexington Avenue
ActivePrice ↓ $150K
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MLS# CAR4249365 · 312 days on market

114 Lexington Avenue

Asheville, NC 28801

$2.60M$150K
Originally listed at $2.75M
Beds0
Baths5
Sq Ft
Lot0.06 ac
$/SqFt
DOM312

Architectural Narrative

The historic & well-maintained Meadows Building is listed on the National Register of Historic Places. This property offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate visibility and road frontage from 2 major city streets with high VPD. 7,042 SF with 3 floors of usable space. Layout is conducive to redevelopment or alternate uses, providing value-add income potential. Lower level includes a retail area and commercial kitchen infrastructure with dumbwaiter accessing all floors. Platform passenger lift services upper two levels. Wood flooring, high ceilings, natural light, and both east and west facing views of mountains and the cityscape. Building went through a full scale renovation in 2008. Recent upgrades include a new roof in 2021 and new windows in 2023. Paid parking (82 spots) directly across the street with additional street metered parking.

At a Glance

Bedrooms0
Property TypeRetail
Year Built1926

Community & Resources

County
Buncombe
NC · 28801
Tax Assessed
$1.01M
County record

Property Facts

Property Type
Retail
Year Built
1926
Lot Size
0.06 acres
Zoning
CBD
Parcel #
964931779500000
Tax Assessed Value
$1.01M

Heating, Cooling & Utilities

Heating
Central, Zoned
Cooling
Central Air, Zoned
Flooring
Concrete, Slate, Wood
Water Source
City
Sewer
Public Sewer
Utilities
Electricity Connected, Natural Gas

Exterior & Parking

Construction
Brick Full
Foundation
Slab
Roof
Flat
Parking
On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site)

Lot Features

PavedViewsOther - See Remarks

View

CityMountain(s)WinterYear Round

Gallery

Listing courtesy of Likewise Commercial Real Estate · Abigail Farrow · Listed 04/24/2025

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114 Lexington Avenue
Asheville, NC · $2.60M