Listing by: James Harrison, Whitney Commercial Real Estate, jharrison@whitneycre.com
7 Beds
12 Baths
11,450SqFt
Active
Welcome to 122 College Street—a rare opportunity to acquire a turnkey mixed-use asset directly on Pack Square with commercial income in place. No other properties can match the pairing of high-quality luxury residences with dependable commercial income—at a compelling basis of $387 per SF. All major capital improvements are complete. Offered fully furnished, the property is ready for immediate use or income generation. Upper floors feature two 2BR/2BA units and a 3BR/3.5BA luxury penthouse, all accessed via private entrance. Highlights include exposed brick, high ceilings, large windows with city and mountain views. The penthouse has 25’ ceilings, a 380 SF loft, and the only private rooftop terrace overlooking Pack Square Park, a truly spectacular amenity. 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 dependable income in one of Downtown Asheville’s most visible and active locations. Ownership options include holding as a turnkey mixed-use investment, occupying or leasing the residences, or pursuing a condominium conversion strategy with potential to resell individual units at pricing more consistent with Downtown Asheville’s luxury residential market. Currently offered at $4,600,000 | $387 per square foot.
Property Details | ||
|---|---|---|
| Price | $4,400,000 | |
| Bedrooms | 7 | |
| Full Baths | 11 | |
| Half Baths | 1 | |
| Total Baths | 12 | |
| Lot Size Area | 0.07 | |
| Lot Size Area Units | Acres | |
| Property Type | Residential | |
| Sub type | Condominium | |
| MLS Sub type | Condominium | |
| Exterior Features | Rooftop Terrace | |
| Year Built | 1917 | |
| Subdivision | none | |
| View | City, Mountain(s) | |
| Heating | Central, Heat Pump | |
| Foundation | Basement | |
| Laundry Features | Common Area, In Hall, Multiple Locations, Other - See Remarks | |
| Parking Description | Other - See Remarks | |
Geographic Data | ||
| County | Buncombe | |
| Latitude | 35.596048 | |
| Longitude | -82.550524 | |
Address Information | ||
| Address | 122 College Street #201-202-301, Asheville, NC 28801 | |
| Unit | 201-202-301 | |
| Postal Code | 28801 | |
| City | Asheville | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Whitney Commercial Real Estate | |
| Listing Office Phone | 828-665-9085 | |
| Listing Agent | James Harrison | |
| Listing Agent Phone | 828-665-9085 | |
| Attribution Contact | jharrison@whitneycre.com | |
| Web Url | https://youtu.be/QTHAQzNotnA | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Virtual Tour URL | https://listings.wncrealestatephotography.com/sites/122-college-st-asheville-nc-28801-13103111/branded#InteractiveContent | |
School Information | ||
| Elementary School | Unspecified | |
| Middle School | Unspecified | |
| High School | Unspecified | |
MLS Information | ||
| Days on market | 419 | |
| MLS Status | Active | |
| Listing Date | Dec 19, 2024 | |
| Listing Last Modified | Feb 11, 2026 | |
| Tax ID | 9649-40-7722-00000 | |
| MLS # | CAR4208358 | |
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 2026-03-10T03:08:27.258074Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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