122 College Street #201-202-301, Asheville, NC 28801
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
Listed by: james harrison
Office: whitney commercial real estate
MLS#:4208358
Source:CH
Price summary
- Price:$4,400,000
- Price per sq. ft.:$384.28
About this home
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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Home facts
- Year built:1917
- Listing ID #:4208358
- Updated:May 26, 2026 at 10:29 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:12
- Full bathrooms:11
- Half bathrooms:1
- Kitchen Description:Bar Fridge, Convection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Exhaust Fan, Exhaust Hood, Freezer, Oven, Refrigerator, Self Cleaning Oven, Wine Refrigerator
- Basement:Yes
- Living area:11,450 sq. ft.
Heating and cooling
- Cooling:Central Air, Heat Pump
- Heating:Heat Pump
- Central air:Yes
Structure and exterior
- Year built:1917
- Building area:11,450 sq. ft.
- Lot area:0.07 Acres
- Exterior Features:Rooftop Terrace
- Foundation Description:Basement
Schools
- High school:Unspecified
- Elementary school:Unspecified
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,400,000
- Price per sq. ft.:$384.28
Features and amenities
- Laundry features:Common Area, Dryer, Washer
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