157 S Lexington Avenue, Asheville, NC 28801 - Photo 1

1/1

$1,050,000

Sold
Closed
Commercial
4,663 Sq. Ft.

1/1

Property Description

Downtown Asheville Investment | 7.7% Cap Rate | $1,125,000 Premier office investment in Asheville's South Slope, fully leased with in-place income and a 7.7% cap rate at $1,125,000 ($241/SF). Ideal for investors or owner-users: Suite D (936 RSF) is leased short-term and will vacate upon execution of a new lease. Offered for lease at $27.50/SF ($2,145/month). The property totals 4,663 RSF across 8 suites with Class A finishes, hardwood floors, large windows, shared restrooms, kitchen/break area, and patio access in select units. Strong tenant mix and prime location steps from breweries, restaurants, and downtown amenities.

Full Property Details

Full Property Details for 157 S Lexington Ave

General

Sold For: $1,050,000
Status: Closed
Type: Commercial
Source: Charlotte_Regional_Realtor_Association
MLS ID: 4213325
Added to Site: 370 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2

Location

County: Buncombe
Driving Directions: Directions: From Pack Square (center of Downtown Asheville), head South on Biltmore Avenue (US HWY 25). After 0.3 miles, turn right onto Hilliard Street (past the Orange Peel). Proceed one block to S. Lexington Avenue, and turn left at the traffic light. The property will be on right.
City Limits: Yes

Structural Information

# Buildings: 1
Square Feet: 4,663
Minimum Avail: 4,663 Sq. Ft.
Year Built: 2007

Lot Features

Street/Road Desc.: Paved
Rcmdd Zoning: CBD

Disclosures and Reports

Restrictions: No Restrictions
Property ID: 9648-48-1742-C0104
Lot Number: 5336-1764

Listed and Sold by Whitney Commercial Real Estate

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— 157 S Lexington Ave —

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Schools

Schools serving 157 S Lexington Ave

School District:Asheville City Schools

Name	Grades	Distance
Asheville High 419 McDowell Street, Asheville, NC 28803	9-12	1.2 mi
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801	K-5	1.2 mi
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801	K-5	1.2 mi
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801	6-8	0.5 mi
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803	9-12	1.2 mi
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806	K-5	1.6 mi
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804	K-5	2.7 mi
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806	K-5	2.9 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 157 S Lexington Ave

Date

Details

Price

Change

Source

11/03/2025

Sold

$1,050,000

-6.67%

MLS

7/03/2025

Price Reduced

$1,125,000

-5.86%

MLS

5/02/2025

Price Reduced

$1,195,000

-2.45%

MLS

1/13/2025

Listed

$1,225,000

—

MLS

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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157 S Lexington Avenue, Asheville, NC 28801 (MLS# 4213325) is a Commercial property that was sold at $1,050,000 on November 03, 2025. Want to learn more about 157 S 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.

157 S Lexington Ave Asheville, NC 28801