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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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24 N Lexington Ave , Asheville, NC 28801
$8,000,000
Est. Payment: $17,777.78/mo
0 Bed
0 Bath
34000 Sqft
Status: Active | Days on site: 52
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12695 - jalu54893
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House Description

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

Highlights

Listed by Jay Lurie , 828-216-8462 Dewey Property Advisors , 828-548-0090.

Property Type

Commercial Sale

Lot/Acreage
0.48

Year Built

1910

County

Buncombe

Listing ID

4408219

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Below Ground Sq Ft:0
Basement:Dirt Floor,Unfinished
Water:City

Exterior Features

Zoning:CBD
Sewer:Public Sewer
Parking Features:On Street,Parking Lot
Principal Interest
$17,778
Taxes
$5,100

Home Price

$8,000,000

Loan Details

30 yrs
%

Down Payment

20%
$1,600,000
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Monthly Price:
$17,777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $17,777.78 $5,100.00 $0.00 $22,877.78
Yearly $213,333.33 $61,200.00 $0.00 $274,533.33
Total $6,400,000.00 $1,836,000.00 $0.00 $8,236,000.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Asheville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.