124 College Street
Asheville, NC, 28801 $ 4,900,000
Bedrooms-- Baths-- Monthly Estimate*
$ 33,843
for $4,900,000. This building was built in 1912 on a lot size of 0.14.
Exceptional chance to own a standout property in one of North Carolinas' most sought-after Downtowns. Built in 1913 and rich with Asheville’s architectural history, 124 College Street is a distinguished four-story brick house style building totaling ±24,000 square feet on a 50-foot-wide by 120-foot-deep downtown lot. Formally Old Blanton School, the building’s infrastructure has been thoughtfully updated while preserving its historic charm. All four floors—each approximately 6,000 SF—are fully heated, cooled, and serviced by a complete sprinkler system, ensuring operational efficiency and compliance. A centrally located elevator provides access to all floors, supporting accessibility and multi-tenant use. The main and lower level, formerly Room 9 Nightclub, is now vacant and offers a blank canvas for any vision.The second floor is currently leased to Sola Salon, providing stable, established income within the property. The top (third) floor is also vacant and brimming with possibilities from creative office/retail to residential space. The basement has been newly renovated, featuring freshly stained concrete floors, creating a clean, modern, and versatile space ideal for retail, studio, entertainment, or creative uses. With large window lines, generous ceiling heights, and durable brick construction, the building offers adaptable floor plans well-suited for office, retail, hospitality, wellness, or redevelopment visions. Its historic build quality and modern mechanical systems create a rare blend of charm and functionality. Don't miss this opportunity in an unmatched location on the edge of Pack Square in the heart of Downtown Asheville.
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FeaturesGeneralSewer Public Sewer
Utilities Cable Available
Roof Built-Up
Zoning CBD
Construction Materials Brick Full
Year Built 1912
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Property Subtype Office
Parcel Number 9649-40-7763-00000
Accessibility Elevator
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial
Building Features Elevator
City Asheville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 3775000
Listing Terms Cash Conventional
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InteriorFlooring Wood
Basement (Y/N) N
Below Grade Finished Area 0
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ExteriorWater Source City
Inclusions Building Land
Lot Size Area 0.14
Road Surface Type Paved
Other Parking Parking is not available but there is a county parking deck conveniently located in front of the Courthouse on College St about 500ft from the building.
Road Frontage Type City Street State Road
Road Responsibility Publicly Maintained Road
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* Excluded FeaturesList ByDewey Property AdvisorsBroker
Affordability Calculator
- Monthly Principal & Interest
- $33,843
- 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.
Learn more about how to save NearbyCommerical listings in Asheville, NC
Average List Price $1,837,954
Percent of Sale Price 62%
About Asheville, NC 93,508 Population
25% Since 2002
$ 48,694 Median Income
39.56 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/8/2026 | $4,900,000 | | Listed Price |