124 College St - Office/Residential FOR SALE


Asheville, NC 28801- Downtown Asheville
$4,900,000 USD
828-216-8462
124 College St, Asheville, NC for Sale
$4,900,000 USD
Office/Residential - FOR SALE
1/31
null | Request Cap Rate

124 College St
Asheville, NC 28801
Downtown Asheville


OVERVIEW

Exceptional chance to own a standout property in one of North Carolinas' most sought-after Downtowns. Built in 1913 and rich with Asheville’s architectural history, 124 College Street is a distinguished four-story brick house style building totaling ±24,000 square feet on a 50-foot-wide by 120-foot-deep downtown lot. Formally Old Blanton School, the building’s infrastructure has been thoughtfully updated while preserving its historic charm. All four floors—each approximately 6,000 SF—are fully heated, cooled, and serviced by a complete sprinkler system, ensuring operational efficiency and compliance. A centrally located elevator provides access to all floors, supporting accessibility and multi-tenant use. The main and lower level, formerly Room 9 Nightclub, is now vacant and offers a blank canvas for any vision.The second floor is currently leased to Sola Salon, providing stable, established income within the property. The top (third) floor is also vacant and brimming with possibilities from creative office/retail to residential space. The basement has been newly renovated, featuring freshly stained concrete floors, creating a clean, modern, and versatile space ideal for retail, studio, entertainment, or creative uses. With large window lines, generous ceiling heights, and durable brick construction, the building offers adaptable floor plans well-suited for office, retail, hospitality, wellness, or redevelopment visions. Its historic build quality and modern mechanical systems create a rare blend of charm and functionality. Don't miss this opportunity in an unmatched location on the edge of Pack Square in the heart of Downtown Asheville. Prime downtown Asheville location in the central business district along College Street, adjacent to Pack Square Park in the heart of Downtown Asheville.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CBD

APN/PARCEL ID

9649-40-7763-00000

ASK ABOUT THIS PROPERTY

Jay LurieDewey Property AdvisorsMore Info
828-216-8462

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Jay LurieDewey Property AdvisorsMore Info
828-216-8462

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.