Claim a top spot in Downtown Asheville with the premier commercial condo available at 39 N Lexington Avenue. Offering 7,600 square feet of flexible retail space, this rare opportunity presents the perfect choice for a wide range of restaurants, breweries, retailers, and service-based businesses seeking a prominent downtown presence.
This historic property, once home to Oscar Blues Brewery and Bold Rock Hard Cider Taproom, carries a legacy of success and strong recognition in the local market. It features 7,000 square feet of ground-level retail space complemented by 600 square feet of dry and cold storage on the second floor. The current state-of-the-art build-out includes a 15-barrel brewhouse, four fermenters, a fully equipped commercial kitchen, and a spacious dining area with seating for 365 guests, all with attractive, high-end finishes and fixtures. More than $2.5 million in improvements have been completed, offering immediate value for restaurant and brewery ventures eager to commence operations without delay.
The condo’s adaptable floor plan and high-impact location create a versatile environment for a variety of traffic-dependent businesses. The property’s flexible Central Business District (CBD) zoning permits many commercial uses, enabling a wide range of tenants to tailor the space to their specific needs. Additionally, the property sits just across from two large public parking garages, providing convenient parking for over 900 vehicles. The infrastructure and amenities provide an exceptional foundation for businesses seeking to thrive in a competitive market.
Asheville’s downtown area, rated by Forbes as the ninth most-popular US travel destination for 2025, is renowned for its vibrant atmosphere, clean walkable streets, and exceptional vehicle and foot traffic. The property benefits from this thriving environment, offering unparalleled exposure to both the local population and the city’s robust tourism base. With more than 14 million annual visitors contributing over $3 billion to the local economy, and a growing residential population of over 102,000 within a 5-mile radius generating $1.3 billion in consumer spending, the site is ideally positioned for sustainable business growth.
The seller is also willing to consider a lease/purchase for qualified tenants and buyers. Contact Jay Lurie today to hear additional details and to schedule a tour.
Tourist stats reflect pre-Helene trends.
Jay Lurie
The Real Estate Center