The Excellence of living in Wrapche

114 N Lexington Avenue

Asheville, NC 28801

MLS#: 4249365

$2,600,000

Status: Active
Listing number: 4249365
Listing provided by: Likewise Commercial Real Estate
Listing agent phone: None
Last update: a month ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1926

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Other Interior Features

    Elevator

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Zoned

  • Heating YN

    YES

  • Heating

    Central, Zoned

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street, Parking Lot

  • Pool

    No

  • View

    City, Mountain(s)

Area & Lot

  • Lot Features

    Paved, Views

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $2,600,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Accessibility Features

    Accessible Full Bath, Accessible Elevator Installed

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Buncombe

Elementary School

Middle School

High School

Listing Courtesy of Abigail Farrow , Likewise Commercial Real Estate

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent seatle wash2

AGENT

seatle wash2

Call seatle today to schedule a private showing.

(980) 555-5555

ivan.sviben+seatle@init.hr


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

114 N Lexington Avenue

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

NEW IMPROVED PRICE: West Asheville Brand New Construction Pocket Neighborhood consisting of 8 Adorable Homes with mountain vies. All 8 homes and common area is being sold together as an INVESTMENT OPPORTUNITY. Some homes are still under construction. Bamboo floors and tile throughout the main level with exposed beams in the living room. Great blend of modern fixtures with warm feelings throughout. All homes will be subject to an HOA. Located just off New Leicester Hwy with shopping and restaurants nearby.
#4317311

Asheville

108 Lager Lane 108/110/112/103/105/107/1

None Beds

None Baths

N/A

$2,700,000

MLS#: 4317311

New on site 2 days ago
Introducing a rare 10.61-acre development opportunity in the heart of West Asheville—ideally suited for affordable and workforce housing in one of the region’s most supply-constrained and high-demand submarkets. Located within walking distance of Carrier Park, the Wilma Dykeman Greenway—offering direct access to the River Arts District— as well as essential services, transit corridors, and neighborhood amenities along Haywood Road. This site offers the connectivity and livability critical to successful affordable housing communities. As one of the largest remaining undeveloped tracts in West Asheville, the property offers a unique opportunity to deliver much-needed housing at scale in an area where attainable options are increasingly limited. Conditionally Zoned RM-16 (CZ 08-51-010), the site is entitled under Conditional Zoning Ordinance #3682 (City of Asheville, 2008), allowing for up to 140 multifamily units. Existing entitlements and a prior site plan provide a meaningful head start, helping reduce entitlement risk and accelerate development timelines—key advantages for projects utilizing LIHTC or other funding sources. The site’s natural features, including a small creek and generous open space, create opportunities to incorporate green space, pedestrian connectivity, and community-oriented design elements that enhance resident well-being while aligning with modern affordable housing standards. Comprised of seven contiguous parcels, the property offers multiple access points via State Street, Short Michigan Avenue, and Amboy Road, allowing for flexible site planning and phased development. All major utilities are available at the site, enabling efficient, cost-effective construction. With sustained demand for affordable housing, strong municipal support for attainable development, and limited land availability in West Asheville, this offering presents a compelling opportunity for developers, housing authorities, and mission-driven investors to create a high-impact community while leveraging existing entitlements and infrastructure to accelerate execution. Please contact Listing Agent for all showings.
#4370709

Asheville

99999 State Street

None Beds

None Baths

N/A

$2,400,000

MLS#: 4370709

New on site 3 days ago
A one of a kind, 6 parcel redevelopment opportunity prominently sited on high traffic Merrimon Ave, with frontage extending all the way up to Chatham Road . This assemblage sits at the gateway to UNC Asheville, with walkability to downtown Asheville, and is prime for new vision. These 6 parcels make up over 1.1 acres total, with more than 145 ft of high visibility Merrimon Ave frontage. An ideal opportunity for a mixed-use redevelopment, or new retail. Call listing brokers for more information.
#4372462

Asheville

99999 Merrimon Avenue

None Beds

None Baths

N/A

$2,157,876

MLS#: 4372462

New on site 2 days ago
Introducing a rare 10.61-acre development opportunity in the heart of West Asheville—ideally suited for affordable and workforce housing in one of the region’s most supply-constrained and high-demand submarkets. Located within walking distance of Carrier Park, the Wilma Dykeman Greenway—offering direct access to the River Arts District— as well as essential services, transit corridors, and neighborhood amenities along Haywood Road. This site offers the connectivity and livability critical to successful affordable housing communities. As one of the largest remaining undeveloped tracts in West Asheville, the property offers a unique opportunity to deliver much-needed housing at scale in an area where attainable options are increasingly limited. Conditionally Zoned RM-16 (CZ 08-51-010), the site is entitled under Conditional Zoning Ordinance #3682 (City of Asheville, 2008), allowing for up to 140 multifamily units. Existing entitlements and a prior site plan provide a meaningful head start, helping reduce entitlement risk and accelerate development timelines—key advantages for projects utilizing LIHTC or other funding sources. The site’s natural features, including a small creek and generous open space, create opportunities to incorporate green space, pedestrian connectivity, and community-oriented design elements that enhance resident well-being while aligning with modern affordable housing standards. Comprised of seven contiguous parcels, the property offers multiple access points via State Street, Short Michigan Avenue, and Amboy Road, allowing for flexible site planning and phased development. All major utilities are available at the site, enabling efficient, cost-effective construction. With sustained demand for affordable housing, strong municipal support for attainable development, and limited land availability in West Asheville, this offering presents a compelling opportunity for developers, housing authorities, and mission-driven investors to create a high-impact community while leveraging existing entitlements and infrastructure to accelerate execution. Please contact Listing Agent for all showings.
#4368284

Asheville

99999 State Street

None Beds

None Baths

N/A

$2,400,000

MLS#: 4368284

Investment or Owner-user opportunity! This ±5,021SF medical office with ample on site parking offers a functional, well-appointed layout ideal for healthcare providers seeking a turnkey space in a highly accessible location conveniently located just off of Biltmore Ave. Investors enjoy $122k NOI. Possible owner-user scenario with upper-level unit lease ending July 2027. Zoned INST (Institutional), the property is well-suited for a variety of medical and related institutional uses. Both units have ground-level entry. Conveniently positioned just off I-40 and I-26, it provides quick access to Mission Hospital, AdventHealth Asheville, and other major healthcare facilities, making it an excellent choice for practices looking to be near established medical hubs.
#4346737

Asheville

6 Brooklet Street

None Beds

None Baths

5,021 Sq.Ft.

$2,200,000

MLS#: 4346737

Unit 1B at 19 Rankin Avenue presents a rare opportunity to acquire a ±4,768 SF creative office space within the Rankin Press Lofts, one of downtown Asheville’s most distinctive mixed-use buildings. The unit is currently in the process of being established through the subdivision of the existing Unit 1 into Units 1A and 1B, offering a unique opportunity to acquire newly defined space within a proven asset. Featuring high ceilings, Skylights, flexible layout, and a blend of private offices and open areas, the space is well suited for creative office, studio, or adaptive reuse concepts. The unit also benefits from an adjacent covered outdoor parking area, currently utilized for vehicle access and parking. This area may offer potential for alternative uses such as outdoor seating, loading dock, patio, or event-oriented space (subject to approvals), creating a unique opportunity to extend usable space beyond the interior footprint.
#4368181

Asheville

19 Rankin Avenue 1B

None Beds

None Baths

N/A

$2,400,000

MLS#: 4368181

Prime Hendersonville Road development opportunity. 215 feet of frontage just south of Long Shoals Road. Curently zoned RM6 for low density multifamily. Zoning would allow up to 107 units, parking requirements would bring that to 70, see attatched site plan. This property sees an average of 33500 cars pass by daily. Sewer is just across Hendersonville Rd and water, power, and natural gas are readily available. Engineered site plan for a 2 unit medical complex is available, reach out to listing agent for details. Seller is related to listing agent.
#4185263

Asheville

1945 Hendersonville Road

None Beds

None Baths

N/A

$3,000,000

MLS#: 4185263

Featuring the sale of two units (100 & 300) with a combined square footage of 6,410. Part of the 7 McDowell Street Condominiums, the building was constructed in 1979 on 1.117 acres. The property has recently undergone upgrades, including a new roof, and a resurfaced asphalt parking lot. The tenant, Labcorp, has recently renovated the interior. LabCorp has been a great national & long-term tenant in the space. Located in a centralized location, within view of Mission Hospital, this property presents a compelling investment opportunity. The property is ideally located in downtown Asheville, NC, offering convenient access to a range of amenities Nearby, you'll find a variety of dining options, local breweries, and boutique shops, as well as essential services such as pharmacies and healthcare facilities. The Thomas Wolfe Memorial, Pack Square Park, and the Asheville Art Museum are also in close proximity. With easy access to urban conveniences, the property's location is a well-suited location to operate your business for both guests and employees alike.
#4336340

Asheville

7 Mcdowell Street 100/300

None Beds

None Baths

N/A

$2,140,000

MLS#: 4336340

Scrambler Circle is a premier housing site in Asheville’s competitive real estate landscape. Situated just a mile and a half west of Downtown Asheville, 38-unit townhouse site represents an exceptional opportunity to blend modern living with an urban Asheville lifestyle. Designed to meet the demands of the regional market, this community offers locally derived plans for a townhouses community that emphasize quality, convenience, and a connection to the mountain region. The seller is an experienced development group and is open to explore partnerships with licensed general contractors.
#4331103

Asheville

1 Scrambler Circle

None Beds

None Baths

N/A

$2,350,000

MLS#: 4331103

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service