1. North Carolina
  2. Asheville
  3. 157 S Lexington Avenue
$1,195,000

157 S Lexington Avenue, Asheville, NC 28801

  • 2 baths |
  • 4,663 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2007
  • Property Lot Size Icon0.92acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $256/sqft
  • Property List Date Icon Listed 5 months ago

Property 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.

Listing Status:
Active
Listing Office:
Whitney Commercial Real Estate : 828-665-9085
MLS ID:
4213325
  • Road/Access: Paved
  • Originating MLS: carolina
  • County: Buncombe

This listing courtesy of Whitney Commercial Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

I

Isaac Dickson Elementary School

125 Hill St, Asheville, NC, 28801

Grades PK-5

0.79 miles away

A

Asheville Middle School

211 S French Broad Ave, Asheville, NC, 28801

Grades 6-8

0.52 miles away

A

Asheville High School

419 McDowell St, Asheville, NC, 28803

Grades 9-12

1.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.