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.
Address
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Address: 114 N Lexington Avenue
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City: Asheville
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State/county: NC
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Zip/Postal Code: 28801
Details
Updated on March 7, 2026 at 2:17 pm-
Property ID 4249365
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Price $2,600,000
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Property Size 7042 m²
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Bathrooms 5
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Year Built 1926
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Property Type Retail, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional
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Roof Flat
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Utilities Electricity Connected, Natural Gas
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Sewer Public Sewer
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Cooling Central Air, Zoned
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Heating Central, Zoned
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Flooring Concrete, Slate, Wood
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County Buncombe
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Property Type Commercial Sale
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Parking On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site)
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Down Payment
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