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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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124 College St , Asheville, NC 28801
$4,900,000
Est. Payment: $10,888.89/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 9
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House Description

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.

Highlights

Listed by Jay Lurie , 828-216-8462 Dewey Property Advisors , 828-548-0090.

Property Type

Commercial Sale

Lot/Acreage
0.14

Year Built

1912

County

Buncombe

Listing ID

4413822

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Floor:Wood
Below Ground Sq Ft:0
Water:City

Exterior Features

Zoning:CBD
Roof:Built-Up
Sewer:Public Sewer
Principal Interest
$10,889
Taxes
$3,124

Home Price

$4,900,000

Loan Details

30 yrs
%

Down Payment

20%
$980,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,888.89 $3,123.75 $0.00 $14,012.64
Yearly $130,666.67 $37,485.00 $0.00 $168,151.67
Total $3,920,000.00 $1,124,550.00 $0.00 $5,044,550.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Asheville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.