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122 College St Asheville, NC 28801

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For Sale
$4,600,000

Turnkey mixed-use property with commercial income in place.

Property Features for 122 College St

General Information

Standard status
Active

Building Details

Year built
1917

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Listing Contact
James Harrison
James Harrison
Source: Exitrealty

Listing Agency: Whitney Commercial Real Estate Listing Agent: James Harrison

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

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Overview

Mixed-Use Asset on Pack Square

Located directly on Pack Square, this mixed-use property presents a rare opportunity. The property includes high-quality luxury residences and commercial income. Major capital improvements are complete. The upper floors feature two 2BR/2BA units and a 3BR/3.5BA luxury penthouse, all accessed via a private entrance. The residences are offered fully furnished and ready for immediate use or income generation. Highlights include exposed brick, high ceilings, and large windows with city and mountain views. The penthouse features 25’ ceilings, a 380 SF loft, and a private rooftop terrace overlooking Pack Square Park. 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 income in Downtown Asheville’s location. Ownership options include holding as a mixed-use investment, occupying or leasing the residences, or pursuing a condominium conversion strategy with potential to resell individual units.
Location Intelligence

Current Use by Public Records

Miyako House Restaurant Elevated Kava Lounge ... Cafe & Coffee Shop

Suggested Use

Restaurant Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

Location Insight

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

FAQs

What type of property is this?
Mixed-use property - Turnkey mixed-use property with commercial income in place.
Where is this mixed-use property 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 location directly on Pack Square with existing commercial income.; - Luxury penthouse with private rooftop terrace overlooking Pack Square Park.; - Turnkey mixed-use asset with high-quality residences and dependable commercial income.
More about this property
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