157 S. Lexington Avenue

For Sale

157 S Lexington Avenue, Asheville, NC 28801

This Asheville property for sale is located at 157 S Lexington Avenue. The general use of 157 S. Lexington Avenue is office and it incorporates 4,663 square feet of class A office space. The current listed sale price for 157 S. Lexington Avenue is $1,195,000. 157 S. Lexington Avenue is situated on a lot that is 0.92 acre in size.

Contacts

broker
James Harrison, CCIM

Whitney Commercial Real Estate Services

Property Details

  • Property Type Office - General Office
  • Property Size 4,663 SF
  • Units 7
  • Lot Size 0.92 Acre
  • Parking Spaces Avail. 4
  • Building Class A
  • Year Built 2007
  • Year Renovated 2007
  • Date Updated May 6, 2025
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.Downtown Asheville Investment | 7.21% Cap Rate | $1,195,000 Premier office investment in Asheville’s South Slope, fully leased with in-place income and a 7.21% cap rate at $1,195,000 ($256/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.Office Space for Lease – South Slope / Downtown Asheville Now offered at a reduced rate of $27.50/SF ($2,145/month), Suite D at 157 S. Lexington Avenue is a 936 RSF Class A office suite in one of Asheville’s most walkable, vibrant districts. Features include hardwood floors, natural light, shared restrooms, kitchen/breakroom, and a common hallway. Located in the heart of South Slope, this space is ideal for professional, creative, or wellness users looking for a polished presence near breweries, restaurants, and downtown amenities. Note: The property is currently for sale. Suite D is leased short-term, and the tenant will vacate upon execution of a new lease.
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Highlights

  • Class A finishes throughout
  • Flexible layout options
  • Four parking spaces
  • Prime Downtown Asheville location
  • Strong investment potential
  • Tenants in place

Getting around

  • 88/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 67/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Asheville, NC
  • Neighborhood Downtown Asheville
  • Zip Code 28801
  • Market Asheville

Points of Interest

  • Greenlots

    0.18 miles

  • Citgo

    0.19 miles

  • Shell

    0.72 miles

  • Exxon

    1.00 miles

  • Gas Express

    1.08 miles

  • Enmark

    1.10 miles

  • Sam's Club

    1.60 miles

  • BJ's Food Mart

    1.76 miles

  • Tesla Supercharger

    5.03 miles

  • EVgo

    7.35 miles

  • Biltmore Avenue Parking Garage

    0.15 miles

  • Ironwood Parking Garage

    0.23 miles

  • Sears Alley Public Parking Deck

    0.26 miles

  • Wall Street Garage

    0.38 miles

  • Rankin Avenue Garage

    0.38 miles

  • Civic Center Garage

    0.46 miles

  • Tempie Avery Montford Community Center Parking

    0.98 miles

  • Simpson Parking

    1.44 miles

  • Parking Garage

    1.94 miles

  • Aloft Asheville Downtown

    0.17 miles

  • The Foundry Hotel Asheville, Curio Collection by Hilton

    0.27 miles

  • The Restoration Asheville

    0.30 miles

  • Downtown Inn and Suites

    0.35 miles

  • Haywood Park Hotel and Atrium

    0.38 miles

  • AC Hotel by Marriott Asheville Downtown

    0.38 miles

  • Cambria Hotel Downtown Asheville

    0.42 miles

  • The Windsor Boutique Hotel

    0.43 miles

  • Renaissance Asheville Hotel

    0.52 miles

  • Embassy Suites by Hilton Asheville Downtown

    0.56 miles

  • French Broad Food Co-op

    0.14 miles

  • Mast General Store

    0.26 miles

  • Whole Foods Market

    0.81 miles

  • Trader Joe's

    0.89 miles

  • Harris Teeter

    0.93 miles

  • Big Lots

    1.01 miles

  • Ingles

    1.01 miles

  • Innsbruck Mall

    1.01 miles

  • Earth Fare

    1.32 miles

  • Dillard's

    1.51 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
James Harrison, CCIM

Whitney Commercial Real Estate Services

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