122 College Street Asheville, NC $ 4,400,000
122 College Street
$ 4,400,000
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122 College Street

Asheville, NC, 28801
$ 4,400,000
Bedrooms-- Baths-- Sq 11,885

Monthly Estimate*

$ 30,390

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Commercial Property for sale in Asheville, NC

for $4,400,000. This 11,885 square foot building was built in 1917 on a lot size of 0.07.

Welcome to 122 College Street—a rare opportunity to acquire a turnkey mixed-use asset directly on Pack Square with commercial income in place. No other properties can match the pairing of high-quality luxury residences with dependable commercial income—at a compelling basis of $387 per SF. All major capital improvements are complete. Offered fully furnished, the property is ready for immediate use or income generation. Upper floors feature two 2BR/2BA units and a 3BR/3.5BA luxury penthouse, all accessed via private entrance. Highlights include exposed brick, high ceilings, large windows with city and mountain views. The penthouse has 25’ ceilings, a 380 SF loft, and the only private rooftop terrace overlooking Pack Square Park, a truly spectacular amenity. Below the residences are two fully leased commercial spaces: a 3,000 SF street-level restaurant with a full commercial kitchen and a 3,000 SF lower-level bar, providing dependable income in one of Downtown Asheville’s most visible and active locations. Ownership options include holding as a turnkey mixed-use investment, occupying or leasing the residences, or pursuing a condominium conversion strategy with potential to resell individual units at pricing more consistent with Downtown Asheville’s luxury residential market. Currently offered at $4,600,000 | $387 per square foot.

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Commercial Active

Price

$ 4,400,000

Property Type

Commercial

Taxes

$ 0

Style

Special Purpose

Lot Size

0.07

Year Built

1917

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4208298

Features
General
Sewer Public Sewer
Zoning CBD
Construction Materials Brick Full
Year Built 1917
View City Mountain(s)
Stories Count 4
Property Subtype Special Purpose
Parcel Number 9649-40-7722-00000
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
City Asheville
Senior Community Y/N N
Number Of Units Total 5
Lot Size Units Acres
Carport Y/N N
Lease Considered Y/N Y
Virtual Tour https://listings.wncrealestatephotography.com/sites/122-college-st-asheville-nc-28801-13103111/branded#InteractiveContent https://listings.wncrealestatephotography.com/sites/122-college-st-asheville-nc-28801-13103111/branded#InteractiveContent
Standard Status Active
Restrictions No Restrictions
Tax Assessed Value 2084200
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Interior
Basement Finished Walk-Up Access
Basement (Y/N) Y
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Exterior
Water Source City
Inclusions N/A
Lot Size Area 0.07
Number of Buildings 1
Building Area Total 11885
Road Surface Type Paved
Road Frontage Type City Street Interstate 1 mile or Less
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 122
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* Excluded Features
List By
Whitney Commercial Real Estate

Broker

Affordability Calculator

$30,390
Per Month
100%
0%
0%
Monthly Principal & Interest
$30,390
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/11/2026$4,400,000 -4.35% Price Down
8/26/2025$4,600,000 -5.15% Price Down
12/19/2024$4,850,000 Listed Price

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122 College Street, Asheville, NC, 28801 is a Commercial Property for sale at $4,400,000 with 11,885 sqft and a lot size of 0.07. 122 College Street was built in 1917. The property's zip code is 28801 which is in Asheville, NC