157 S Lexington AVE, Asheville, NC 28801 – 4213325

$1,050,000

$1,125,000

6.7%

Est.Price: ?

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Est. payment -/mo

2 Baths

0.92 Acres Lot

SOLD DATE : 11/03/2025

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4213325

Sold Date 11/03/25

Year Built 2007

Lot Size 0.920 Acres

Acres 0.92

Property Sub-Type Office

Property Description

Downtown Asheville Investment | 7.7% Cap Rate | $1,125,000
Premier office investment in Asheville's South Slope, fully leased with in-place income and a 7.7% cap rate at $1,125,000 ($241/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.