122 College Street 201-202-301

Asheville , NC 28801

MLS#: 4208358

$4,400,000

Status: Active
Listing number: 4208358
Listing provided by: Whitney Commercial Real Estate
Listing agent phone: None
Last update: 16 days ago
Browse Properties
none - Residential

Property

Beds

7

Full Baths

11

1/2 Baths

1

Year Built

1917

Sq.Footage

11,450

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.

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    11

  • 1/2 Bathrooms

    1

  • Above Grade Finished Area

    8450.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

  • View

    City, Mountain(s)

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

Price

  • Sales Price

    $4,400,000

  • Sq. Footage

    11, 450

  • Price/SqFt

    $384

HOA

  • Association

    No

School District

  • Elementary School

    Unspecified

  • Middle School

    Unspecified

  • High School

    Unspecified

Property Features

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Buncombe

Elementary School

Unspecified

Middle School

Unspecified

High School

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Listing Courtesy of James Harrison , Whitney Commercial Real Estate

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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.

122 College Street 201-202-301

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