157 Lexington Avenue
157 Lexington Avenue
Asheville, NC 28801
$1,195,000
- Lot Size: 0.92 Acres
Description
Downtown Asheville Investment | 7.21% Cap Rate | $1,195,000 Premier office investment in Asheville’s South Slope, fully leased with in-place income and a 7.21% cap rate at $1,195,000 ($256/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.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | Office |
| Year Built : | 2007 | Construction Type : | N/A |
| Lot Size : | 0.92 Acres |
More Information
- Road : Publicly Maintained Road
Based on information submitted to the MLS GRID as of 05-31-2025 02:25:05 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.