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$ 4,600,000
Est. payment | /mo
3,049 Sqft Lot
$ 4,600,000
Est. payment | /mo
3,049 Sqft Lot
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
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.
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
Virtual Tour https://listings.wncrealestatephotography.com/sites/122-college-st-asheville-nc-28801-13103111/branded#InteractiveContent
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by James Harrison • Whitney Commercial Real Estate • jharrison@whitneycre.com
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Matthew & Leticia Moreira
Broker In Charge | Lic# NC 276333 | SC 103574