Restaurant Space with
New
For Lease
$28.25 SF/Yr
48 College Street #2nd Floor, Asheville, NC 28801
Available as a combined restaurant and bar or in separate floor configurations, with food-preparation and storage areas below.
Space Size3,130 SF
Days on Market4
Property Features for 48 College Street #2nd Floor
General Information
Standard status
Active
Size
3,130 SF
Net Rentable
3,130 SF
Zoning
CBD
Lease Type
NNN
Space & Availability
Available Space
3,130 SF
Divisible
Yes
Floor
Ground + 2 + Lower Level
Space Use
Restaurant
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
Building Size
1,400 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.
This 1925 restaurant property in downtown Asheville can be leased as a 3,130-square-foot space or divided between its 1,730-square-foot first floor and 1,400-square-foot second floor. The first level is configured for restaurant use, while the upper level is arranged as a bar. A lower-level walk-in, prep kitchen, and dry storage serve the available configurations. The property is zoned CBD.
The building is at 48 College Street, near Pack Square. Rankin and Wall Street parking decks are across the street. The three leasing configurations offer a choice of the complete two-story space or either floor separately.
The building is at 48 College Street, near Pack Square. Rankin and Wall Street parking decks are across the street. The three leasing configurations offer a choice of the complete two-story space or either floor separately.
Key Highlights
- 3,130 SF available together or as 1,730 SF on the first floor and 1,400 SF on the second floor
- First floor configured as a restaurant; second floor arranged as a bar
- Lower‑level walk‑in, prep kitchen, and dry storage areas
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Available as a combined restaurant and bar or in separate floor configurations, with food-preparation and storage areas below.
Where is this conventional restaurant located?
The property is located at 48 College Street #2nd 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 SF available together or as 1,730 SF on the first floor and 1,400 SF on the second floor; First floor configured as a restaurant; second floor arranged as a bar; Lower‑level walk‑in, prep kitchen, and dry storage areas
