122 College Street 201-202-301, Asheville, NC 28801
none · Buncombe County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Condominium
Year Built
1917
Living Area
11,450 sq ft
Zoning
CBD
Days on Market
508
MLS® Listing#
4208358
Property Features
Appliances
Cooling
Heating
Basement
Laundry
Construction
Sewer
Water Source
Schools
- Elementary:
- Unspecified
- Middle:
- Unspecified
- High:
- Unspecified
Financial Details
HOA
None
Assessed Value
$2,084,200
Parcel Number
9649-40-7722-00000
Affordability Calculator
$880,000
Estimated monthly payment
$23,419/mo
Principal $3,520,000 · Est. interest $4,910,713 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Asheville, NC
- $592,453
- Median Listing Price
- 73
- Median Days on Market
- 1,881
- Median Sq Ft
- $328
- Median Price / Sq Ft
- 988
- Active Listings
- This home’s price is 643% above the area median.
- Its price per sq ft is 17% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Asheville, NC.
Location
Points of Interest in Asheville, NC
Showing the Asheville area map.
Nearby Schools
Mountain City Public Montessori
Elementary · 0.2 mi away
Central United Methodist Church
School · 0.2 mi away
Literacy Council of Buncombe County
Elementary · 0.5 mi away
Asheville City Schools
School · 0.5 mi away
Asheville City Schools
Elementary · 0.8 mi away
Asheville Montessori School
Elementary · 0.8 mi away
Claxton Elementary School
Elementary · 0.8 mi away
Asheville Middle School
Secondary · 0.8 mi away
School for Esoteric Studies
School · 1.1 mi away
Hanger Hall School
Secondary · 1.3 mi away
Asheville High School
Secondary · 1.7 mi away
School of Inquiry and Life Sciences
Secondary · 1.7 mi away
A-B Tech Conference Center
School · 1.7 mi away
Buncombe County School
Secondary · 1.8 mi away
Hall Fletcher Elementary
Elementary · 2.0 mi away
Buncombe County Schools
School · 2.2 mi away
Asheville Anglican Academy
School · 2.3 mi away
Temple Baptist Church
School · 2.3 mi away
Emma Elementary
Elementary · 2.3 mi away
Ira B Jones Elementary School
Elementary · 2.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1 Cedar Chine Drive, Asheville, NC | $3,425,000 | 6 | 6 | 6,116 |
| 86 Edgemont Road, Asheville, NC | $3,500,000 | 12 | 13 | 8,256 |
| 407 Vanderbilt Road, Asheville, NC | $3,680,000 | 12 | 9 | 7,916 |
| 93 Mirehouse Run, Asheville, NC | $3,950,000 | 6 | 5 | 4,776 |
| 268 Holly Arbor Lane, Asheville, NC | $5,475,000 | 8 | 9 | 5,958 |
Moving Cost Estimate
EXIT Agents in Asheville
Listing Courtesy: Whitney Commercial Real Estate - jharrison@whitneycre.com
Last Updated: 2024-12-19
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