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122 College St Asheville, NC 28801

For Sale
$4,850,000

Award-winning, renovated mixed-use property in prime location.

Property size:
11,885 SF

Description

Added:
Feb 3, 2025
Days on Market:
314
This stunning, mixed-use property at 122 College Street in downtown Asheville, North Carolina, offers a unique blend of historic charm and modern luxury. The 11,885 square foot building, situated on a 0.07-acre lot, underwent a complete renovation in 2023, earning a prestigious Griffin Award for its exceptional design and craftsmanship. The exterior showcases the original 1917 exposed brick facade, while the interior boasts a sophisticated, updated aesthetic. The ground floor features a fully leased 3,000 square foot restaurant and a 3,000 square foot bar, both currently operating at 100% occupancy. A separate private entrance leads to the upper floors, which comprise 5,040 square feet of luxurious residential space. This includes two beautifully appointed 2-bedroom, 2-bathroom apartments on the second floor and a spectacular 3-bedroom, 3.5-bathroom penthouse suite on the top floor. Each residential unit offers spacious layouts and breathtaking city views. The penthouse is particularly noteworthy, featuring 25-foot ceilings and a dramatic staircase leading to a private mezzanine and rooftop terrace overlooking Pack Square Park, offering unparalleled mountain and cityscape views. All residential units are offered fully furnished, providing a turnkey investment opportunity. Located steps from Pack Square Park, this property enjoys an unbeatable location in the heart of Asheville's vibrant downtown area. The combination of its award-winning design, prime location, and strong rental income makes 122 College Street an exceptional investment opportunity. The asking price is $4,850,000.

Property Features for 122 College St

General Information

Property type
Other commercial real estate
Square Feet
11,885 SF
Lot Size
3,049 SF

Building Details

Year Built
1917

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Miyako House Japanese Restaurant Elevated Kava Lounge ... Coffee Shop

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
-82.55052
Latitude
35.59605

FAQs

What type of property is this?
Commercial real estate - Award-winning, renovated mixed-use property in prime location.
Where is this commercial real estate located?
The property is located at 122 College St Asheville, NC.
What is the asking price?
The asking price for this property is $4,850,000.
More about this property
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