Restaurant Space with Second-Floor
For Lease
$28.25 SF/Yr
1st-floor-48 College St, Asheville, NC 28803
Restaurant and bar suites are available together or by floor, with a lower-level prep kitchen and storage.
Space Size3,130 SF
Days on Market30
Property Features for 1st-floor-48 College St
General Information
Standard status
Active
Size
3,130 SF
Net Rentable
3,130 SF
Lease Type
NNN
Space & Availability
Available Space
3,130 SF
Contiguous Space
3,130 SF
Floor
1 + 2 + Lower Level
Lease Terms
Lease Rate
$28.25 /SF/YR
Monthly Rent
$7,368
Rent per SF/Year
$28.25
Additional Details
Walk-In Cooler/Freezer
Yes
Building Details
Stories
2
Listing Agency:
Whitney Commercial Real Estate
(828) 665-9085
Listed By:
Austin Walker · License #227527
(828) 713-0777
Source:
Exprealty
Added: Oct 8
Changed: Nov 3
Last Checked: Nov 4 at 7:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Whitney Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A two-story restaurant and bar property offers 3,130 SF, with restaurant space on the first floor and bar space above. The lower level contains a walk-in area, prep kitchen, and dry storage. Leasing options include the full space, the 1,730 SF first floor, or the 1,400 SF second floor; each floor offering includes access to the lower-level facilities.
At 48 College St in downtown Asheville, the property is near Pack Square. Rankin and Wall Street parking decks are across the street.
At 48 College St in downtown Asheville, the property is near Pack Square. Rankin and Wall Street parking decks are across the street.
Key Highlights
- 3,130 SF available as a full restaurant and bar space
- First‑floor restaurant suite: 1,730 SF
- Second‑floor bar suite: 1,400 SF
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.24 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
135k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 71%
Shops & Services 14%
Leisure 13%
Home Improvements & Furnishings 2%
Target
Superstores
96,328 visits/mo
0.4 miles
Michaels
Shops & Services
18,594 visits/mo
0.5 miles
AMC River Hills 10
Leisure
17,299 visits/mo
0.4 miles
Ashley
Home Improvements & Furnishings
1,482 visits/mo
0.5 miles
City Electric Supply
Home Improvements & Furnishings
1,029 visits/mo
0.4 miles
Demographics for 28803, NC
34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value
Market
Lease Benchmarks for Asheville, NC
$20.29 /SF/Yr
Avg Asking Price
$9.26–$35 /SF/Yr
Price Range
4,403 SF
Avg Space Size
This space is priced 39% above the average of $20.29 /SF/Yr.
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and bar suites are available together or by floor, with a lower-level prep kitchen and storage.
Where is this conventional restaurant located?
The property is located at 1st-floor-48 College St Asheville, NC.
What is the lease rate?
The lease rate is $28.25 SF/Yr.
What are key features of this property?
This property features: 3,130 SF available as a full restaurant and bar space; First‑floor restaurant suite: 1,730 SF; Second‑floor bar suite: 1,400 SF
