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$4,400,000
7 bd
12 ba
11,450 sqft
122 College Street #201-202-301
Asheville, NC 28801
Active
419 days on market
Property Type
Residential
Year Built
1917
Lot Size
—
Garage
—
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.
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
Interior
- Bedrooms
- 7
- Bathrooms
- 12
- Living Area
- 11,450 sqft
Exterior & Lot
- Year Built
- 1917
Location
- Subdivision
- none
- County
- Buncombe
- ZIP Code
- 28801
Financial
Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
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
Location
Listing Information
- MLS #
- CAR4208358
- Listing Agent
- James Harrison
- Listing Office
- Whitney Commercial Real Estate
- Listed Date
- Mar 15, 2026
Contact Jonathan Jackson About This Property
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