157 S Lexington AVE Active Save Request In-Person Tour Request Virtual Tour
Asheville,NC 28801
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4213325
Year Built 2007
Lot Size 0.920 Acres
Property Sub-Type Office
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.
Location
State NC
County Buncombe
Zoning CBD
Building
New Construction false
Others
Special Listing Condition None