Restaurant Space with
New
For Lease
$28.25 SF/Yr
48 College Street #1st Floor, Asheville, NC 28801
The two floors are available together or separately, with a lower-level walk-in, prep kitchen, and dry storage.
Space Size1,400 SF - 3,130 SF
Days on Market4
Property Features for 48 College Street #1st Floor
General Information
Standard status
Active
Size
1,400 SF - 3,130 SF
Net Rentable
3,130 SF
Zoning
CBD
Lease Type
NNN
Space & Availability
Available Space
1,400-3,130 SF
Contiguous Space
3,130 SF
Divisible
Yes
Space Use
Restaurant
Lease Terms
Lease Rate
$28.25 /SF/YR
Monthly Rent
$7,368
Rent per SF/Year
$28.25
Restaurant
Second-Generation Restaurant
Yes
Walk-In Cooler/Freezer
Yes
Building Details
Building Size
3,130 SF
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
Whitney Commercial Real Estate
Listed By:
Austin Walker · License #227527
(828) 665-9085
Source:
Geoffcampbell
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 2:15PM
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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Investment Insights
Based on property information with market context.
At 48 College Street in Asheville, this restaurant property offers 3,130 square feet across two stories, with a first-floor restaurant and second-floor bar. The space can be leased as a whole or divided into a 1,730-square-foot first floor and a 1,400-square-foot second floor. A lower level contains a walk-in, prep kitchen, and dry storage. The building dates to 1925 and is zoned CBD.
The property is in downtown Asheville, steps from Pack Square. Rankin and Wall Street parking decks are across the street.
The property is in downtown Asheville, steps from Pack Square. Rankin and Wall Street parking decks are across the street.
Key Highlights
- 3,130 square feet across two stories, available together or as separate floor spaces
- First floor: 1,730 square feet configured for restaurant use
- Second floor: 1,400 square feet configured as a bar
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.24 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,310
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 37%
Shops & Services 26%
Groceries 15%
Office Supplies 8%
Whole Foods Market
Groceries
20,347 visits/mo
0.4 miles
Shell
Shops & Services
20,324 visits/mo
0.3 miles
Staples
Office Supplies
11,125 visits/mo
0.4 miles
State Employees Credit Union
Shops & Services
9,288 visits/mo
0.4 miles
Cambria Hotel Downtown Asheville
Hotels & Casinos
8,998 visits/mo
0.1 miles
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Market
Lease Benchmarks for Asheville, NC
$21.66 /SF/Yr
Avg Asking Price
$9.26–$35 /SF/Yr
Price Range
4,657 SF
Avg Space Size
This space is priced 30% above the average of $21.66 /SF/Yr.
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The two floors are available together or separately, with a lower-level walk-in, prep kitchen, and dry storage.
Where is this conventional restaurant located?
The property is located at 48 College Street #1st Floor 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 square feet across two stories, available together or as separate floor spaces; First floor: 1,730 square feet configured for restaurant use; Second floor: 1,400 square feet configured as a bar
