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$25 Just Listed
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Property Description
Excellent exposure in the vibrant LoLex District of Downtown Asheville. Well-positioned at the signalized intersection of Exit 5A off I-240, this property offers both interstate frontage and visibility from 2 major city streets. Hardwood floors, natural light, high ceilings, and historic details make for a beautiful space and a practical upfit. Existing kitchen infrastructure, ADA bathrooms on every floor (5 total) and useful extras like a dumbwaiter from the kitchen servicing both upper levels and a flat passenger lift providing ADA access to the third floor from Broadway St entrance. Fully renovated in 2008, this property enjoys the charming detail of an older building with newer roof, windows and systems throughout. 7,042 SF on three floors of usable space, provides flexibility for all types of uses, but was most recently a restaurant. Lower level (2,240 SF) includes a retail area fronting Lexington Street with a commercial kitchen space in the back. Second level (2,384 SF) was previously a full service restaurant with a built-in bar, plenty of seating areas, and entrances from two major streets in downtown Asheville. Upper level (2,418 SF) currently has a bar area with a dumb waiter from the kitchen and offers views of both the mountains and the cityscape. Priced at $25/SF + NNN. Property is also available for sale.
Full Property Details
Full Property Details for 114 N Lexington Ave
General
- Price: $25
- Status: Active
- Type: Commercial Lease
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4384814
- Updated: 5/27/2026
- Added to Site: 4 day(s) ago
Rental Information
- Date Available: 5/27/2026
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
- Min Required: 25 Sq. Ft.
- 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
- Tenant Pays: All Utilities, Trash Collection
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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 114 N Lexington Ave
Date
Details
Price
Change
Source
5/27/2026
Listed
$25
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 114 N Lexington Ave
114 N Lexington Avenue, Asheville, NC 28801 (MLS# 4384814) is a Commercial Lease property. 114 N Lexington Avenue is currently listed for $25 and was received on May 27, 2026. Want to learn more about 114 N Lexington Avenue? Do you have questions about finding other Commercial Lease real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

