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122 College St Asheville, NC 28801

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For Sale
$4,600,000

Award-winning renovated mixed-use property in the heart of Asheville.

Property size:
11,885 SF
Lot size:
0.07 Acres

Property Features for 122 College St

General Information

Size
11,885 SF
Lot size
0.07 Acres

Source: Whitney Commercial Agent James Harrison, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Downtown Asheville Mixed-Use Landmark

Located in Downtown Asheville, steps from Pack Square Park in the Central Business District, this 11,885 square foot mixed-use property features historic character and modern luxury. The building underwent an award-winning renovation in 2023, earning a Griffin Award for adaptive reuse. The facade features exposed brick and 1917 finishes. The main floor includes a 3,000 square foot restaurant space, and the lower level contains a 3,000 square foot bar. A private residential entrance leads to 5,040 square feet of upper-floor luxury suites, including two 1,250 square foot 2-bedroom, 2-bathroom apartments on the second floor, and a 2,950 square foot 3-bedroom, 3.5-bathroom penthouse on the top level with room for 10 guests. Each of the residential suites offers spacious layouts with large windows opening to city views, high ceilings, and exposed brick. The penthouse features 25-foot ceilings and a stringer staircase that leads to a 380 square foot mezzanine. A 400 square foot private rooftop terrace overlooks Pack Square Park, with mountain views and Asheville's art-deco structures. The suites and penthouse are offered fully furnished, with appliances, modern furniture, and decor. The property is fully sprinkled and outfitted with new electrical, mechanical, and HVAC systems, as well as a monitored fire alarm system. A newly installed fire escape provides flexibility for CBD zoning uses. The restaurant and bar spaces are 100% leased.
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.

Similar Places Nearby

TRVE Brewing Co., Fuel Cafe, Anoche Asheville, Crucible, Bottle Riot

Location Insight

  • Map
  • Local Demand
City
Asheville
County
Buncombe
State
North Carolina
Longitude
-82.549097
Latitude
35.596692

FAQs

What type of property is this?
Bar - Award-winning renovated mixed-use property in the heart of Asheville.
Where is this bar located?
The property is located at 122 College St Asheville, NC.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: - Prime downtown Asheville location directly across from Pack Square Park.; - Award-winning 2023 renovation with modern systems and historic character.; - Fully leased restaurant and bar spaces providing immediate income.
More about this property
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