39 N Lexington Avenue

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 39 N Lexington Ave, Asheville, NC 28801, USA
Atlanta & Southeast + Hospitality
Created date: April 9, 2026
Date last updated: April 10, 2026
Price: $1,800,000Investment Analyzer NEW!

Property Description

39 N Lexington Ave, Unit 2 presents a rare opportunity to acquire a character-rich, flexible-use space in the heart of downtown Asheville. Currently operating as Sweet Peas Hostel, the property offers a unique layout with expansive common areas, multiple private rooms, and existing kitchen and full bath infrastructure already in place. Exposed brick, hardwood floors, and abundant natural light create an authentic environment well suited for creative office, boutique hospitality, live/work, or wellness-oriented concepts. Located in one of Asheville’s most desirable and walkable corridors, the property offers a compelling opportunity for an owner-user or investor seeking a distinctive downtown asset.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Hospitality
Price: $1,800,000
Year Built: 1916
Opportunity Zone: No
Property Website Click Here
Address: 39 N Lexington Avenue, Asheville, NC 28801, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

163 Bernham Dr NW

Cleveland, Tennessee
Atlanta & Southeast + Hospitality
Units: 100
Price: $2,300,000

530 Lake Malone Road

Lewisburg, Kentucky
Atlanta & Southeast + Hospitality
Units: 97
Price: $1,900,000

917 Church St

Decatur, Georgia
Atlanta & Southeast + Hospitality
Units: 78
Price: $10,000,000

Brokers

View All

Lenders

View All