24 N Lexington Avenue, Asheville, NC 28801
sale
$8,000,000
|
Retail
Courtesy Of Dewey Property Advisors
Mixed-Use Redevelopment & Boutique Hospitality Opportunity with Dedicated Parking at 76 College St. Proposed 35-room boutique hotel, cocktail lounge, and ground level retail on both N. Lexington Ave. and Broadway Street. Located in the heart of downtown Asheville, the property sits at the intersection of Broadway Street and the Lexington Avenue retail corridor, two of the city's most active pedestrian streets. Part of the historic Star Block, originally built in the early 1900s, the building is positioned for redevelopment as Zelda Salon, a proposed 35-key boutique hotel that will preserve the property's historic character while introducing suite-style guest rooms, curated hospitality spaces, and ground-level retail along both Broadway and Lexington Avenue. The offering also includes the adjacent 76 College Street parking lot, providing approximately 20 surface parking spaces in a supply-constrained downtown environment. Together, the properties present a rare downtown parking in the center of Asheville's thriving tourism market. opportunity combining existing retail income, boutique hotel redevelopment potential, and dedicated
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Legal Description: DEED DATE:08/04/2022 DEED:6246-0463 LOT:TRACT 2 PLAT:0233-0006
- MLSID: 4408219
- Rooms: Basement
- View Type: City
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