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157 S Lexington Avenue

Asheville, NC 28801
  • $1,050,000
  • STATUS: Closed
  • ON SITE: 306 Days
  • ID#: 4213325
Sold - 11/03/2025
$1,050,000
SOLD - 11/03/2025
  • 0
    BEDS
  • 0.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2007
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Whitney Commercial Real Estate: 828-665-9085. Copyright 2025 Canopy MLS. All rights reserved.

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.


Sold by Whitney Commercial Real Estate.
Listed by Whitney Commercial Real Estate.
Properties displayed may be listed or sold by various participants in the MLS.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2025-11-16T15:33:39.07 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither LePage Johnson Realty Group, LLC | eXp Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2025 Canopy MLS.

“Listings courtesy of Canopy MLS as distributed by MLS GRID

Some IDX listings have been excluded from this website.

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157 S Lexington Avenue Asheville, NC 28801

  • Price: $1,125,000
  • Status: Closed
  • On Site: 306 Days
  • Updated: 33 min ago
  • ID#: 4213325
0
Beds
0
Baths
0
½ Baths
0.92
Acres
2007
Built
County:
Buncombe
Area:
Asheville
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.
Exterior Features

Carport YN No Road Responsibility Publicly Maintained Road Road Surface Type Paved

Interior Features

Basement YN No Building Area Total 4663

Property Features

Association YN No Auction YN No CCRSubject To No City Taxes Paid To Asheville Commercial Location Description Central Business District Hoa Subject To None Inclusions N/A Inside City YN Yes Lease Considered YN Yes New Construction YN No Property Sub Type Office Restrictions No Restrictions Restrictions Description none Senior Community YN No Special Listing Conditions None Zoning CBD



MLS Grid logo Based on information submitted to the MLS GRID as of 2025-11-16T15:33:39.07 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither LePage Johnson Realty Group, LLC | eXp Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2025 Canopy MLS.

“Listings courtesy of Canopy MLS as distributed by MLS GRID

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/cmls/orig_boomver_1_4213325-1.jpg https://bt-photos.global.ssl.fastly.net/cmls/orig_boomver_1_4213325-1.jpg https://bt-photos.global.ssl.fastly.net/cmls/orig_boomver_1_4213325-1.jpg
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LePage Johnson Realty Group, LLC | eXp Realty
18067 West Catawba Ave
Cornelius NC, 28031
Canopy MLS logo Offered by Whitney Commercial Real Estate: 828-665-9085. Copyright 2025 Canopy MLS. All rights reserved.