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$ 8,000,000
Est. payment /mo
New
24 N Lexington AVE Asheville, NC 28801
0.48 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4408219
Construction Status Completed
Year Built 1910
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Retail
Property 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
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
Location
State NC
County Buncombe
Zoning CBD
Rooms
Basement Dirt Floor, Unfinished
Interior
Inclusions Building, Land
Exterior
View City
Street Surface Paved
Building
Dwelling Type Site Built
Sewer Public Sewer
Water City
New Construction false
Construction Status Completed
Others
Senior Community false
Restrictions Historical
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Jay Lurie • Dewey Property Advisors • lurie.jay@gmail.com
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