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About This Home

This 0-bedroom, 2-bathroom commercial at 28 N Lexington Avenue in Asheville, NC is listed for $1,500,000. Built in 1916, on a 0.05 acres lot.

Agent 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

Key Features

  • Built in 1916
  • 0.05 acre lot
  • 2 stories

Property Details

2 stories
2 full
1916

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

28 N Lexington Avenue

Asheville, NC 28801

Questions & Answers

This 0-bedroom, 2-bathroom commercial at 28 N Lexington Avenue is listed at $1,500,000. The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.

Key features include: Built in 1916, 0.05 acre lot, 2 stories.

This property is listed by Jay Lurie and can be reached at 8282168462 or lurie.jay@gmail.com.

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JL

Jay Lurie

Agent at The Real Estate Center

(828) 216-8462

Listed by The Real Estate Center

MLS# 4366708· Source: listhub· Updated 2 days ago

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

28 N Lexington Avenue, Asheville, NC 28801

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