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    124 College St Asheville, NC 28801

    New
    For Sale
    $4,900,000

    SINGLE_FAMILY - Asheville, NC

    Type:Office
    Lot size:
    0.14 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 124 College St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    CBD
    APN
    9649-40-7763-00000
    Accessibility
    Accessible Elevator Installed
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    Building Details

    Year built
    1912
    Flooring type
    Wood
    Building materials
    Brick Full
    Roof type
    Built-Up

    Scott Carter (828) 255-4663 [email protected]

    Listing agent Jay Lurie (828) 216-8462

    Listing date Dec 9, 2025

    Copyright © 2025 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.

    Overview

    Downtown Asheville Brick Building

    Located in downtown Asheville, this four-story brick building at 124 College St, formerly the Old Blanton School, offers approximately 24,000 square feet under roof. Each of the four levels provides approximately 6,000 square feet of heated and cooled space, equipped with a sprinkler system. The main and lower levels, previously Room 9 Nightclub, are currently vacant, presenting a blank canvas for various concepts. The second floor is leased to Sola Salon, providing a stable income stream. The top (third) floor is also vacant and offers potential for creative or business opportunities, including possible residential development. The property is located in Buncombe County, within the 28801 postal code, and has a lot size of 0.14 acres. The zoning is CBD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Room Nine Night Club The Color Lab Beauty Salon Cutting Edge Hair ... Hair Salon Holiday Grooms Hair Salon Erin Johnston - Cutting ... Hair Salon

    Suggested Use

    Restaurant Realty agency Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.5504
    Latitude
    35.596076

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    FAQs

    What type of property is this?
    Office building - Four-story, 24,000 SF building in downtown Asheville.
    Where is this office building located?
    The property is located at 124 College St Asheville, NC.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: - Substantial 24,000 sq ft brick building in downtown Asheville.; - Income-generating second floor leased to Sola Salon.; - Main and lower levels (former Room 9 Nightclub) offer a blank canvas for development.
    (828) 216-8462
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 College St Asheville, NC 28801
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