122 College Street Unit #201-202-301, Asheville, NC 28801
- $4,400,000
- 7
- BD
- 12
- BA
- 11,450
- SqFt
Listing courtesy of Whitney Commercial Real Estate. jharrison@whitneycre.com
- List Price
- $4,400,000
- MLS#
- 4208358
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 587
- Property Type
- Residential
- Year Built
- 1917
- Price Change
- ▼ $200,000 1770846930
- Bedrooms
- 7
- Bathrooms
- 12
- Full Baths
- 11
- Half Baths
- 1
- Lot Size
- 3,049
- Lot Size Area
- 0.07
- Living Area
- 11,450
- Sq Ft Total
- 11450
- County
- Buncombe
- Subdivision
- none
- Special Conditions
- None
Property Description
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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Additional Information
- Equipment
- 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
- Foundation
- Basement
- Laundry Location
- Common Area, In Hall, Multiple Locations, Other - See Remarks
- Heating
- Central, Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Features
- Rooftop Terrace
- Exterior Construction
- Brick Full
- Parking
- Other - See Remarks
- Driveway
- Asphalt, Paved
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Zoning
- CBD
- Total Property HLA
- 11450
Mortgage Calculator
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