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$ 3,600,000
Est. payment | /mo
1,306 Sqft Lot
$ 3,600,000
Est. payment | /mo
1,306 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4437141
Year Built 1930
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Business
Property Description
5 Walnut Street offers a mixed-use investment opportunity in the heart of downtown Asheville. The property is currently home to 5 Walnut Wine Bar and also includes four vacant residential units. The residential units are approved for short-term rental (STR) use but are not currently being used as short-term rentals. The property also includes a leased retail space that is currently producing income, offering a mix of residential and commercial uses in a desirable downtown location. Prime Downtown Asheville location on West Walnut Street, surrounded by established restaurants, retail, and entertainment. Highly walkable with convenient access to the heart of downtown. Highlights: Turnkey, income-producing mixed-use investment, four premium residential units with established short-term rental potential, an iconic commercial space with strong identity and long-standing recognition in the Asheville market. opportunity to realize additional value through a mixed-use condominium structure or separate future disposition of the residential and commercial components, the rarity of acquiring a fully stabilized, downtown Asheville asset with both immediate income and multiple long-term value creation strategies.
Location
State NC
County Buncombe
Zoning CBD
Interior
Inclusions Building
Exterior
Street Surface Paved
Building
New Construction false
Others
Senior Community false
Special Listing Condition None
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Jay Lurie • Dewey Property Advisors • lurie.jay@gmail.com
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