114 N Lexington Avenue, Asheville, NC 28801

$2,600,000
5
BA

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Listing courtesy of Likewise Commercial Real Estate. abigail@likewisecommercial.com

List Price
$2,600,000
MLS#
4249365
Status
ACTIVE
Days on Market
462
Property Type
Commercial Sale
Year Built
1926
Price Change
▼ $150,000 1772773666
Bathrooms
5
Lot Size
2,613
Lot Size Area
0.06
County
Buncombe
Special Conditions
None

Property Description

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.

Additional Information

Floor Coverings
Concrete, Slate, Wood
Foundation
Slab
Heating
Central, Zoned
Water
City
Sewer
Public Sewer
Exterior Construction
Brick Full
Roof
Flat
Parking
On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site)
Driveway
Paved
Lot Description
Paved, Views, Other - See Remarks
Zoning
CBD

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

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