$4,600,000
$250k
122 College-301 St Unit 201-202, Asheville, NC 28801
- 7Beds
- 12Baths
- 11450SqFt
- 7Beds
- 12Baths
- 11450SqFt
- Property TypeCondo
- Year Built1917
- Price per Sqft$402
- On highrises418 Days
Property Details
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.
Property Features
Bedrooms
- Bedrooms: 7
- Primary Bedroom Level: Upper
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- James Harrison
- state license#282322
- Brokered by:
- Whitney Commercial Real Estate
- (828) 665-9085