114 N Lexington Avenue, Asheville, NC 28801 - Photo 1

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$2,600,000 -$150,000 (-5.45%) Price Reduced

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Active
Commercial
7,042 Sq. Ft.
Updated 1 day ago

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Property 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.

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Full Property Details

Full Property Details for 114 N Lexington Ave

General

Price: $2,600,000
Status: Active
Type: Commercial
Source: Charlotte_Regional_Realtor_Association
MLS ID: 4249365
Updated: 3/5/2026
Added to Site: 317 day(s) ago

Interior

Flooring: Concrete, Slate, Wood

Rooms

Bathrooms

Total Bathrooms: 5

Additional Information

Equipment: Other - See Remarks

Parking

Parking Features: On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site)

Location

County: Buncombe
Cross Streets: Broadway
City Limits: Yes

Heating & Cooling

Cooling Type: Central Air, Zoned
Heating Type: Central, Zoned

Utilities

Sewer: Public Sewer
Water: City
Utility Description: Electricity Connected, Natural Gas

Structural Information

# Buildings: 1
Construction: Site Built
Exterior Const.: Brick Full
Roof: Flat
Square Feet: 7,042
Minimum Avail: 7,042 Sq. Ft.
Year Built: 1926

Lot Features

Street/Road Desc.: Paved
Elevation (Approx.): 2000
Lot Features: Paved, Views, Other - See Remarks
Rcmdd Zoning: CBD

Financial Considerations

Terms: Cash, Conventional

Disclosures and Reports

Restrictions: Building, Signage, Use, Other - See Remarks
Inclusions: Building, Land
Property ID: 964931779500000
Plat: 6
Lot Number: 4855/1217

Listed by Likewise Commercial Real Estate

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Schools

Schools serving 114 N Lexington Ave

School District:Asheville City Schools

Name	Grades	Distance
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801	K-5	0.6 mi
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801	K-5	0.6 mi
Asheville High 419 McDowell Street, Asheville, NC 28803	9-12	1.8 mi
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801	6-8	0.9 mi
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803	9-12	1.8 mi
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806	K-5	2 mi
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804	K-5	2.1 mi
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806	K-5	3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 114 N Lexington Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/05/2026

Price Reduced

$2,600,000

-5.45%

MLS

4/24/2025

Listed

$2,750,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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114 N Lexington Avenue, Asheville, NC 28801 (MLS# 4249365) is a Commercial property. 114 N Lexington Avenue is currently listed for $2,600,000 and was received on April 24, 2025. Want to learn more about 114 N Lexington Avenue? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

114 N Lexington Ave Asheville, NC 28801