122 College ST Asheville, NC 28801
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4208298
Year Built 1917
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Special Purpose
Property Description
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.
Location
State NC
County Buncombe
Zoning CBD
Rooms
Basement Finished, Walk-Up Access
Exterior
View City, Mountain(s)
Street Surface Paved
Building
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Others
Senior Community false
Restrictions No Restrictions
Special Listing Condition None
NEARBY SCHOOLS & BUSINESSES
School Assignment Notice:
The schools shown in the Nearby Schools and Businesses section are based on geographic proximity and may not reflect the schools assigned to this property. School attendance boundaries are subject to change due to rezoning and other factors. Buyers should independently verify current school assignments with their real estate agent and the information provided in the MLS listing, as well as with the applicable school district, before making a purchase decision.
WORK WITH US
Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.
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