Date
Details
Price
Change
Source
4/08/2026
Listed
$1,500,000
—
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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$1,500,000 Just Listed
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Property Description
Boutique Downtown Residential & Retail Duo combining street-level retail with upper-floor residential unit on Lexington Avenue and Tingle Alley. Positioned in the heart of downtown Asheville's vibrant Lexington Avenue district, 28 N. Lexington Avenue and 7 Tingle Alley present a rare opportunity to own a true live/work property in one of the city's most dynamic corridors. Ideal for owner-operators, the property offers the ability to live just above your business- creating a seamless lifestyle rooted in the energy of downtown-while also providing the flexibility to generate income from either level. Whether you choose to occupy the upper residence or lease it, the layout supports both personal use and long-term investment. The street-level retail space is fully leased, delivering immediate, stable income, while the character-rich residential unit above presents additional revenue potential or a unique opportunity for an owner to establish a presence directly within their business footprint. Surrounded by Asheville's most active dining, arts, and retail destinations, the property benefits from consistent foot traffic and strong local demand-positioning it as both a lifestyle asset and a smart income-producing investment
Full Property Details
Full Property Details for 28 N Lexington Ave
General
- Price: $1,500,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4366708
- Updated: Today (4/8/2026)
- Added to Site: Today
Rooms
Bathrooms
- Total Bathrooms: 2
Location
- County: Buncombe
- Driving Directions: 28 N Lexington Ave is located downtown Asheville between College St and Walnut St. directly across from Tops for Shoes and Anthropologie.
- City Limits: Yes
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- # Buildings: 1
- Construction Status: Completed
- Construction: Site Built
- Square Feet: 3,400
- Min Required: 3,400 Sq. Ft.
- Minimum Avail: 3,400 Sq. Ft.
- Year Built: 1916
Lot Features
- Street/Road Desc.: Paved
- Rcmdd Zoning: CBD
Financial Considerations
- Operating Expenses: $15,767
- Terms: Cash, Conventional
Disclosures and Reports
- Restrictions: Historical
- Inclusions: Business, Land
- Property ID: 9649-40-0770-00000
- Plat: 233-6
- Lot Number: 2682-99
Listed by The Real Estate Center
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Listing agent
— 28 N Lexington Ave —
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Schools
Schools serving 28 N Lexington Ave
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 0.8 mi |
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 0.8 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.6 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 0.8 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.6 mi |
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 1.9 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 2.3 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 28 N Lexington Ave
Tax History
Tax History for 28 N Lexington Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,366
—
$621,000
—
Disclaimer: Historical tax 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 28 N Lexington Ave
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
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This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
28 N Lexington Avenue, Asheville, NC 28801 (MLS# 4366708) is a Commercial property. 28 N Lexington Avenue is currently listed for $1,500,000 and was received on April 08, 2026. Want to learn more about 28 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.