Mixed-Use Property with Wine
New
For Sale
$3,600,000
5 West Walnut Street, Asheville, NC 28801
Downtown Asheville property combining an established wine bar with vacant residential units suitable for short-term rental use.
Property Size4,408 SF
Days on Market6
Property Features for 5 West Walnut Street
General Information
Standard status
Active
Size
4,408 SF
Property subtype
Mixed Use
Building Details
Building Size
4,408 SF
Year Built
1930
Listing Agency:
Dewey Property Advisors
Listed By:
Jay Lurie · License #NC #192865
(828) 216-8462
Source:
Deweypa
Added: Sep 22
Last Checked: Sep 26 at 5:47AM
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 Dewey Property Advisors
Investment Insights
Based on property information with market context.
Located at 5 West Walnut Street in downtown Asheville, this mixed-use property combines an established wine bar with a residential component. The commercial space operates as 5 Walnut Wine Bar, while four residential units are currently vacant and identified in the property information as having short-term rental potential.
Built in 1930, the property brings together an operating hospitality use and residential space within one downtown asset. The separate commercial and residential components may support future consideration of a mixed-use condominium structure or separate disposition, subject to applicable approvals and market conditions.
Built in 1930, the property brings together an operating hospitality use and residential space within one downtown asset. The separate commercial and residential components may support future consideration of a mixed-use condominium structure or separate disposition, subject to applicable approvals and market conditions.
Key Highlights
- Established 5 Walnut Wine Bar occupies the commercial space
- Four vacant residential units with stated short‑term rental potential
- Mixed‑use property at 5 West Walnut Street in downtown Asheville
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,310
Businesses Nearby
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Business Placement
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Asheville property combining an established wine bar with vacant residential units suitable for short-term rental use.
Where is this mixed-use property located?
The property is located at 5 West Walnut Street Asheville, NC.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Established 5 Walnut Wine Bar occupies the commercial space; Four vacant residential units with stated short‑term rental potential; Mixed‑use property at 5 West Walnut Street in downtown Asheville
