124 College St
Income-producing property in the heart of Asheville’s thriving central business district.
Marketing description
Public Remarks
Exceptional chance to own a standout property in one of North Carolinas' most sought-after downtowns. Old school brickhouse at 124 College St downtown Asheville, formally Old Blanton School has approximately 24,000 Sq ft under roof. All four levels are approximately 6000 Sq ft. All four levels are heated and cooled with the sprinkler system. The main and lower level, formerly Room 9 Nightclub, is now vacant and offers a blank canvas for any vision. The second floor is leased to Sola Salon, generating stable revenue. The top (third) floor is also vacant and brimming with possibilities for creative or business opportunities. Third floor has potential for residential development.
Investment highlights
Built in 1913 and rich with Asheville’s architectural history, 124 College Street
is a distinguished four-story brick building totaling ±24,000 square feet on a
50-foot-wide by 120-foot-deep downtown lot. Located in Asheville’s soughtafter
CBD zoning district, the property offers exceptional flexibility for
commercial, mixed-use, or adaptive-reuse concepts. Offered at $4,900,000,
this iconic building combines historic character with upgrades, making it a
standout opportunity for investors, developers, and owner-users in one of
Western North Carolina’s premier urban markets.
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 second floor is currently leased to Sola Salon, providing stable, established
income within the property. 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 plates 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.
3rd floor Features – Large office space with beautiful views towards Pritchard
park and views of grove park out of rear windows. Owners will consider
subdividing into a 3,756 sq.ft. space. Price to be determined. Men’s and
women’s handicapped bathrooms. Mixture of hardwood and carpet.
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