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$ 1,195,000
Est. payment /mo
Active
157 S Lexington AVE Asheville, NC 28801
2 Baths
0.92 Acres Lot
UPDATED:
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
Acres 0.92
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.
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
Exterior
Street Surface Paved
Building
New Construction false
Others
Senior Community false
Restrictions No Restrictions
Special Listing Condition None
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Listed by James Harrison • Whitney Commercial Real Estate • [email protected]