$2,600,000
114 N Lexington Ave, Asheville, NC 28801
0 bed · 5 bath
0
bedrooms
5
baths
N/A
sq.ft.
N/A
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
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.
About the Neighborhood
Homes for sale in 28801 place buyers at the heart of Asheville's most celebrated and architecturally significant urban core, encompassing Downtown Asheville, the River Arts District, and the historic Montford neighborhood, one of the most intact collections of Victorian and Arts and Crafts architecture in the American Southeast. The residential landscape in Montford features exquisite Queen Anne, Colonial Revival, and Craftsman homes on tree-shaded streets within walking distance of Asheville's legendary Lexington Avenue arts corridor, the Grove Arcade, and a nationally recognized independent restaurant scene. The River Arts District along the French Broad River has transformed former industrial studios into one of the Southeast's most vibrant working artist communities, with dozens of galleries and creative businesses anchoring the zip code's southwestern edge. Mission Health's main hospital campus and a dense concentration of creative economy employers make 28801 a genuine live-work destination. The 28801 real estate market commands some of the highest valuations in Western North Carolina, driven by irreplaceable architectural inventory, walkability, and Asheville's sustained status as one of America's most visited mountain cities.
Property Features
Property Description
- Bathrooms: 5 Full
- Stories: 3
- Year Built: 1926
- New Construction: No
- MLS #: 4249365
Association
- HOA Required: No
Utilities
- Electricity Connected
- Natural Gas
Interior Features
- Heating: Central, Zoned
- Cooling: Central Air, Zoned
Construction Materials
- Brick Full
- Foundation: Slab
- Roof: Flat
Cooling
- Central Air
- Zoned
Foundation Details
- Slab
Heating
- Central
- Zoned
Parking Features
- On Street
- Parking Lot
- Parking Space(s)
- Parking Space(s) (Off Site)
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Paved
Sewer
- Public Sewer
WaterSource
- City
View
- City
- Mountain(s)
- Winter
- Year Round
Flooring
- Concrete
- Slate
- Wood
Tax and Financial Info
- Listing Terms: Cash, Conventional
Location
Similar homes nearby
LISTING COURTESY OF: LIKEWISE COMMERCIAL REAL ESTATE
abigail@likewisecommercial.com
$2,600,000
Est. Payment: $13,364/mo
Adjust down payment, rate & terms
Asheville, NC 28801
0
bedrooms
5
baths
N/A
sq.ft.
N/A
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Likewise Commercial Real Estate
Properties displayed may be listed or sold by various participants in the MLS. 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.