122 College Street, Asheville NC
- 7 Bed
- 12 Bath
- 3000 ft2
- 0.1 ac
For Sale $4,400,000
Remarks:
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.
Exterior Features:
Rooftop Terrace
General Information:
| List Price: | $4,400,000 |
| Status: | For Sale |
| Bedrooms: | 7 |
| Type: | Condominium |
| Approx Sq. Ft.: | 3000 sqft |
| Parking: | Other - See Remarks |
| MLS Number: | CAR4208358 |
| Subdivision: | none |
| Bathrooms: | 12 |
| Year Built: | 1917 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 03-20-2026 | Listed | $4,400,000 | $1,467 |
| 08-12-2025 | Price Decrease | $225,000-10.00% | $75 |
| 07-20-2025 | Relisted | $250,000-16.67% | $84 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Isaac Dickson Elementary | 1 miles | PK-05 | 9 |
| Claxton Elementary | 1 miles | KG-05 | 6 |
| Hall Fletcher Elementary | 2 miles | PK-05 | 2 |
| Ira B Jones Elementary | 2 miles | PK-05 | 8 |
| Haw Creek Elementary | 3 miles | KG-05 | 7 |
| Francine Delany New School for Children | 3 miles | KG-06 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 122 College Street, Asheville NC | 0 mi | $4,400,000 | days | |
| 7 Patton Avenue, Asheville NC | 0.1 mi | $2,200,000 | days | |
| 60 Market Street, Asheville NC | 0.1 mi | $1,750,000 | days | |
| 59 College Street, Asheville NC | 0.1 mi | $379,000 | days | |
| 53-C College Street, Asheville NC | 0.2 mi | $1,250,000 | days | |
| 21 Battery Park Avenue, Asheville NC | 0.3 mi | $725,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28801
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Whitney Commercial Real Estate
122 College Street, Asheville NC is a 3000 ft2 on a 0.070 acres Appraisal lot. This is for $4,400,000. This has 7 bedrooms, 12 baths, and was built in 1917.
Based on information submitted to the MLS GRID as of 2026-03-20 09:25:05 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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