5 Walnut Street Asheville, NC $ 3,600,000
5 Walnut Street
$ 3,600,000
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5 Walnut Street

Asheville, NC, 28801
$ 3,600,000
Bedrooms-- Baths--

Monthly Estimate*

$ 24,864

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Commercial Property for sale in Asheville, NC

for $3,600,000. This building was built in 1930 on a lot size of 0.03.

5 Walnut Street offers a mixed-use investment opportunity in the heart of downtown Asheville. The property is currently home to 5 Walnut Wine Bar and also includes four vacant residential units. The residential units are approved for short-term rental (STR) use but are not currently being used as short-term rentals. The property also includes a leased retail space that is currently producing income, offering a mix of residential and commercial uses in a desirable downtown location. Prime Downtown Asheville location on West Walnut Street, surrounded by established restaurants, retail, and entertainment. Highly walkable with convenient access to the heart of downtown. Highlights: Turnkey, income-producing mixed-use investment, four premium residential units with established short-term rental potential, an iconic commercial space with strong identity and long-standing recognition in the Asheville market. opportunity to realize additional value through a mixed-use condominium structure or separate future disposition of the residential and commercial components, the rarity of acquiring a fully stabilized, downtown Asheville asset with both immediate income and multiple long-term value creation strategies.

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Commercial Active

Price

$ 3,600,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

0.03

Year Built

1930

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4437141

Features
Exterior
Inclusions Building
Lot Size Area 0.03
Road Surface Type Paved
Road Responsibility Publicly Maintained Road
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General
Year Built 1930
Stories Count 4
Property Subtype Business
Parcel Number 964940192700000
County Buncombe
New Construction N
Property Type Commercial Sale
HOA N
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
Restrictions N/A
Tax Assessed Value 1457900
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Interior
Basement (Y/N) N
Below Grade Finished Area 0
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Dewey Property Advisors

Broker

Affordability Calculator

$24,864
Per Month
100%
0%
0%
Monthly Principal & Interest
$24,864
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
10/22/2026$3,600,000 Listed Price

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5 Walnut Street, Asheville, NC, 28801 is a Commercial Property for sale at $3,600,000 with a lot size of 0.03. 5 Walnut Street was built in 1930. The property's zip code is 28801 which is in Asheville, NC