122 College Street, Asheville, NC 28801
sale
$4,400,000
|
Other
Courtesy Of Whitney Commercial Real Estate
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.
Read More About This Property
Read Less About This Property
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Building Units: 5
- Exterior Type: Brick Full
- Floors: 4
- Legal Description: DEED DATE:04/28/2017 DEED:5544-0279 SUBDIV:SMITH ESTATE PROP LOT:5 BLOCK:1 PLAT:0154-0159
- MLSID: 4208298
- Rooms: Basement
- View Type: City
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$5,675,000
Retail
39 Lexington Avenue N
Asheville, NC 28801
Courtesy Of Dewey Property Advisors
sale
$4,800,000
Office
109 Roberts Street
Asheville, NC 28801
Land: 0.32 Acres
Courtesy Of Dewey Property Advisors
sale
$4,360,000
Other
374 Old County Home Road
Asheville, NC 28806
Land: 15.33 Acres
Courtesy Of NextHome Partners
sale
$3,873,750
Other
105 Woodland Meadows Drive Tract A & B
Asheville, NC 28803
Land: 51.65 Acres
Courtesy Of Pulliam Properties, Inc