Description
Mixed-Use Redevelopment & Boutique Hospitality Opportunity with Dedicated Parking at 76 College St. Proposed 35-room boutique hotel, cocktail lounge, and ground level retail on both N. Lexington Ave. and Broadway Street. Located in the heart of downtown Asheville, the property sits at the intersection of Broadway Street and the Lexington Avenue retail corridor, two of the city’s most active pedestrian streets. Part of the historic Star Block, originally built in the early 1900s, the building is positioned for redevelopment as Zelda Salon, a proposed 35-key boutique hotel that will preserve the property’s historic character while introducing suite-style guest rooms, curated hospitality spaces, and ground-level retail along both Broadway and Lexington Avenue. The offering also includes the adjacent 76 College Street parking lot, providing approximately 20 surface parking spaces in a supply-constrained downtown environment. Together, the properties present a rare downtown parking in the center of Asheville’s thriving tourism market. opportunity combining existing retail income, boutique hotel redevelopment potential, and dedicated
Address
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Address: 24 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 April 23, 2026 at 12:31 pm-
Property ID 4366684
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Price $8,000,000
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Property Size 34000 m²
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Year Built 1910
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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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Sewer Public Sewer
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County Buncombe
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Property Type Commercial Sale
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Parking On Street, Parking Lot
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Down Payment
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Loan Amount
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Contact Information
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