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122 College Street 201-202-301
Asheville NC 28801 US

$4,400,000

Active Under Contract Listing ID 4208358
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7 bed
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12.00 Bath (11 Full , 1 Half)
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Lot: 0.07 Acres
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Condominium

$4,400,000

Active Under Contract Listing ID 4208358
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122 College Street 201-202-301 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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Property Features

  • Facts
  • Lot Size: 0.07 Acres
  • Property Type: Residential
  • Property Sub-type: Condominium
  • Features
  • Full Bathrooms: 11
  • 1/2 Bathrooms: 1
  • Cooling System: Central Air
  • Exterior Finish: Rooftop Terrace
  • Heating Fuels: Heat Pump (Heating), Central
  • Additional Features
  • Basement

School Information

  • School
  • Unspecified(Elementary)
  • Unspecified(MiddleSchool)
  • Unspecified(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Condominium
  • listprice: 4400000
  • unparsedaddress: 122 College Street
  • unitnumber: 201-202-301
  • postalcity: Asheville
  • stateorprovince: NC
  • country: US
  • postalcode: 28801
  • bathroomsfull: 11
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.07
  • lotsizeunits: Acres
  • lotsizearea: 0.07
  • livingarea: 11450
  • livingareaunits: Square Feet
  • latitude: 35.596048
  • longitude: -82.550524
  • listagentfullname: James Harrison
  • listagentemail: jharrison@whitneycre.com
  • listagentkey: 3yd-CMLSNC-jamesmh
  • listagentmlsid: jamesmh
  • listagentpreferredphone: 8286659085
  • listagentofficephone: 8282790090
  • listofficekey: 3yd-CMLSNC-NCM13590
  • listofficemlsid: NCM13590
  • disclaimer: Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CMLSNC
  • yearbuilt: 1917
  • listingcontractdate: 2024-12-19
  • listagenturl: http://www.whitneycre.com
  • countyorparish: Buncombe
  • parcelnumber: 9649-40-7722-00000
  • elementaryschool: Unspecified
  • highschool: 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
  • cooling: Central Air
  • constructionmaterials: Brick Full
  • heating: Heat Pump (Heating), Central
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 4
  • parkingtotal: 0
  • view: City
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Rooftop Terrace
  • rooms: Bedroom 2, Bathroom 12, Bathroom 7, Bathroom 9, Bedroom 6, Bathroom 2, Bathroom 11, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 4, Bathroom 10, Bathroom 8, Basement, Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 5
  • basement: Walk-Up Access, Finished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.55052, 35.596046
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Whitney Commercial Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jharrison@whitneycre.com", "ListBrokerageCity":"Asheville", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Whitney Commercial Real Estate", "ListBrokeragePhone":"8286659085", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1100 Ridgefield Blvd., Ste 100", "ListBrokerageWebsiteUrl":"http://www.whitneycre.com", "ListOfficeAddress1":"1100 Ridgefield Blvd., Suite 100 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"NCM13590", "ListOfficeCity":"Asheville", "ListOfficeCountry":"US", "ListOfficeEmail":"jburke@whitneycre.com", "ListOfficePostalCode":"28806", "ListOfficeStateOrProvince":"NC", "ListPriceCurrencyType":"USD", "ListingTitle":"CONDOS - Asheville, NC", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/122-College-St_Asheville_NC_28801_M97938-19019?f=listhub&s=CMLSNC&m=4208358&c=rexren", "MLSModificationTimestamp":"2026-05-21 18:09:05", "Neighborhoods":[], "PostalCode":null, "RoomCount":1, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"DEED DATE:04/28/2017 DEED:5544-0279 SUBDIV:SMITH ESTATE PROP LOT:5 BLOCK:1 PLAT:0154-0159", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/2/2026 7:15:48 AM GMT
Source Updated Date: 7/2/2026 6:35:29 PM GMT

Courtesy of: James Harrison, Whitney Commercial Real Estate, jharrison@whitneycre.com

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.