157 S. Lexington Avenue

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.Welcome to 157 S. Lexington Avenue, a premier office property in the heart of Downtown Asheville. The makeup of this property offers a user or investor the ability to enjoy maximum versatility when leasing to tenants or using for their own business. Consistent across the space are Class A finishes: Hardwood floors, large windows (in many of the suites), and abundant natural light. Several suites feature access to outdoor patio spaces, and all are within easy walking distance of the restaurants, shops, and amenities of Downtown Asheville and the South Slope. The seven suites total 4,663 rentable square feet, and are broken down as follows: Suite A = 367 rentable square feet (leased); $850/month rent Suite B1 = 479 rentable square feet (leased); $1,200/month rent Suite B2 = 402 rentable square feet (leased); $800/month rent Suite C = 523 rentable square feet (vacant); $1,263.92/month rent (for lease) Suite D = 936 rentable square feet (vacant); $2,262/month rent (for lease) Suite E = 657 rentable square feet (vacant); $1,500/month rent (for lease) Suite F = 939 rentable square feet (leased); $2,300/month rent Suite G = 630 rentable square feet (vacant); $900/month rent (for lease) Additionally, suites C, D, and E could be combined into a single suite which would be 2,116 rentable square feet. That option is currently vacant, and would be offered at a rate of $5,025.92 per month). All leases are a full-service rate. All of these suites have access to two common bathrooms, as well as a common interior hallway. There's a kitchen and breakroom area that is shared by all suites as well. The property comes with four parking spaces, located in a lower-level garage. The property is incredibly flexible and allows an investor with several different options for tenant configurations. Additionally, the property could be perfect for an owner-occupant who can utilize a portion of the space for their own business, while leasing out other suites for supplemental income. Fully stabilized, this property offers an attractive opportunity for investors seeking stable returns and room for growth.Welcome to 157 S. Lexington Avenue, a premier office property in the heart of Downtown Asheville. With flexible leasing options and top-tier amenities, this is the ideal space to establish your presence and grow your business in one of Asheville’s most desirable locations. Consistent across the space are Class A finishes: Hardwood floors, large windows (in many of the suites), and abundant natural light. Several suites feature access to outdoor patio spaces, and all are within easy walking distance of the restaurants, shops, and amenities of Downtown Asheville and the South Slope. The four available suites are broken down as follows: Suite C = 523 rentable square feet; $1,263.92/month Suite D = 936 rentable square feet; $2,262/month Suite E = 657 rentable square feet; $1,500/month Suite G = 630 rentable square feet; $900/month Additionally, suites C, D, and E could be combined into a single suite which would be 2,116 rentable square feet. That option is currently vacant, and would be offered at a rate of $5,025.92 per month). All leases are full-service, with access to shared amenities including two common bathrooms, a central interior hallway, and a shared kitchen and breakroom. The entire office property is also available for purchase, making this an excellent option for owner-occupants or investors.