$4,400,000
Est. Payment: $22,615/mo
Adjust down payment, rate & terms
122 College St 201-202-301, Asheville, NC 28801
Asheville, NC 28801
7
bedrooms
12
baths
11,450
sq.ft.
$384
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
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.
About the Neighborhood
Homes for sale in 28801 place buyers at the heart of Asheville's most celebrated and architecturally significant urban core, encompassing Downtown Asheville, the River Arts District, and the historic Montford neighborhood, one of the most intact collections of Victorian and Arts and Crafts architecture in the American Southeast. The residential landscape in Montford features exquisite Queen Anne, Colonial Revival, and Craftsman homes on tree-shaded streets within walking distance of Asheville's legendary Lexington Avenue arts corridor, the Grove Arcade, and a nationally recognized independent restaurant scene. The River Arts District along the French Broad River has transformed former industrial studios into one of the Southeast's most vibrant working artist communities, with dozens of galleries and creative businesses anchoring the zip code's southwestern edge. Mission Health's main hospital campus and a dense concentration of creative economy employers make 28801 a genuine live-work destination. The 28801 real estate market commands some of the highest valuations in Western North Carolina, driven by irreplaceable architectural inventory, walkability, and Asheville's sustained status as one of America's most visited mountain cities.
Property Features
Property Description
- Beds Total: 7
- Full Baths: 12
- Half Baths: 1
- Year Built: 1917
- Living Area: 11,450 sqft
- New Construction: No
- MLS #: 4208358
Additional Home Features
- Subdivision: none
Association
- HOA Required: No
Interior Features
- Heating: Central, Heat Pump
- Cooling: Central Air
- Common Area
- In Hall
- Multiple Locations
- Other - See Remarks
Appliances
- Bar Fridge
- Convection Oven
- Dishwasher
- Disposal
- Dryer
- Electric Cooktop
- Electric Oven
- Electric Range
- Electric Water Heater
- Exhaust Fan
- Exhaust Hood
- Freezer
- Ice Maker
- Oven
- Refrigerator
- Refrigerator with Ice Maker
- Self Cleaning Oven
- Washer
- Washer/Dryer
- Wine Refrigerator
Construction Materials
- Brick Full
- Foundation: Basement
Cooling
- Central Air
Foundation Details
- Basement
Heating
- Central
- Heat Pump
Laundry Features
- Common Area
- In Hall
- Multiple Locations
- Other - See Remarks
Levels
- Four
Parking Features
- Other - See Remarks
Exterior Features
- Rooftop Terrace
Road
- Road Responsibility: Publicly Maintained RoadOther - See Remarks
- Road Surface Type: Asphalt, Paved
Sewer
- Public Sewer
WaterSource
- City
View
- City
- Mountain(s)
Fireplace
- Fireplace: No
Location
Schools
Elementary
Unspecified
Middle
Unspecified
High School
Unspecified
LISTING COURTESY OF: WHITNEY COMMERCIAL REAL ESTATE
jharrison@whitneycre.com
$4,400,000
Est. Payment: $22,615/mo
Adjust down payment, rate & terms
Asheville, NC 28801
7
bedrooms
12
baths
11,450
sq.ft.
$384
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Whitney Commercial Real Estate
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. 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.
$4,400,000
122 College Street 201-202-301
7 bed, 12 bath