122 College ST #201-202-301, Asheville, NC 28801
122 College ST #201-202-301, Asheville, NC 28801
122 College ST #201-202-301, Asheville, NC 28801
122 College ST #201-202-301, Asheville, NC 28801
122 College ST #201-202-301, Asheville, NC 28801
122 College ST #201-202-301, Asheville, NC 28801
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$ 4,400,000
Est. payment | /mo

7 Beds

12 Baths

11,450 SqFt


$ 4,400,000
Est. payment | /mo

7 Beds

12 Baths

11,450 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 11,450 sqft

Price per Sqft $384

MLS Listing ID 4208358

Bedrooms 7

Full Baths 11

Half Baths 1

Abv Grd Liv Area 8,450

Year Built 1917

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Condominium

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.

Location

State NC

County Buncombe

Zoning CBD

Rooms

Basement Finished, Walk-Up Access

Primary Bedroom Level Upper

Upper Level Primary Bedroom

Interior

Heating Central, Heat Pump

Cooling Central Air

Fireplace false

Appliance Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Exhaust Hood, Freezer, Ice Maker, Oven, Refrigerator, Refrigerator with Ice Maker, Self Cleaning Oven, Washer, Washer/Dryer, Wine Refrigerator

Laundry Common Area, In Hall, Multiple Locations, Other - See Remarks

Exterior

Exterior Feature Rooftop Terrace

View City, Mountain(s)

Street Surface Asphalt,Paved

Garage false

Building

Dwelling Type Site Built

Foundation Basement

Sewer Public Sewer

Water City

Level or Stories Four

Structure Type Brick Full

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

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

Listed by James Harrison • Whitney Commercial Real Estate • jharrison@whitneycre.com

Nearby Locations

Jade Isenhour

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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122 College ST #201-202-301