Under Contract

122 College Street #201-202-301

Asheville, NC 28801
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Bed 7

Bed

Bath 12

Bath

SqFt11,450

Sqft

Acres0.07

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $4,400,000

AD Id : 61647118

MLS Id : CAR4208358

Beds : 7

Lot Size : 0.07 Acre

Living Area Size : 11,450

Year Built : 1917

County : Buncombe

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Feature Features

  • Bedroom Information

    Total Bedroom: 7

    Bathroom Information

    Total Baths: 12 Full Baths: 11 Half Baths: 1

    Room Information

    Has Basement: Yes

    Interior Features

    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 Laundry Features: Common Area, In Hall, Multiple Locations, Other - See Remarks
  • Flooring Information

    Construction Materials: Brick Full
  • Heating & Cooling

    Heating: Central, Heat Pump Cooling: Central Air WaterSource: City

  • Building Information

    Year Built: 1917
  • Exterior Features

    Rooftop Terrace Construction Materials: Brick Full Foundation Details: Basement Road Responsibility: Publicly Maintained Road, Other - See Remarks

  • Lot Information

    Lot Size Area: 0.07 acre

    Property Information

    Property Type: Residential Sub Type: Condominium

  • Listing Price Information

    Original List Price:$4850000

  • Tax Information

    Tax Assessed Value: 2084200 Parcel Number: 9649-40-7722-00000

  • School Information

    Elementary School: Unspecified Junior High School: Unspecified Senior High School: Unspecified
  • Utility Information

    Sewer: Public Sewer Water Source: City
  • Location Information

    Subdivision: none City: Asheville
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Nearby Home Value

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55 S Market Street #301, Asheville, NC, 28801 $888,500 2 2 1,270 1,270 SqFt
55 S Market Street #213, Asheville, NC, 28801 $475,000 1 1 782 782 SqFt
55 S Market Street #407, Asheville, NC, 28801 $474,900 1 1 797 797 SqFt
134 Biltmore Avenue #2, Asheville, NC, 28801 $749,900 2 2 1,223 1,223 SqFt
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ByOwner last updated this listing 06/23/2026 @ 18:20

MLS: CAROLINA #4208358 LISTED BY: James Harrison, Whitney Commercial Real Estate 828-665-9085 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)

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