48 College

48 College St, Asheville, NC 28801

Property Information

  • For Lease $28.25 - $30.85/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 11,628 SF
  • Lot Size 0.09 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1925
  • Year Renovated 2016
  • Date Updated Oct 29, 2026

Description

Nestled in the heart of vibrant Downtown Asheville, 48 College offers an array of enticing amenities and nearby attractions for retail tenants. The bustling area is renowned for its eclectic mix of shops, restaurants, and entertainment venues, drawing in a steady stream of locals and tourists alike. Just steps away from the historic Pack Square, tenants can benefit from high foot traffic and a dynamic, energetic atmosphere. The surrounding streets are filled with charming boutiques, art galleries, and popular dining spots, creating a thriving retail destination. With its prime location in this coveted neighborhood, the property presents an exceptional opportunity for tenants to capitalize on the vibrant pulse of Downtown Asheville. Rankin and Wall Street parking decks across the street.Now Available as Full 3,130 SF ($28.25/SF NNN), or as 1,730 SF ($30.85/SF NNN), and 1,400 SF ($30.00/SF NNN) sub-divided spaces. This iconic Asheville location offers a turn-key restaurant and bar space For Lease. This is a prime spot in the heart of downtown walking traffic, and is comprised of 3 offerings : 1. 2-story, 3,130 sq ft space features a first-floor restaurant, second-floor bar, and a lower-level walk-in, prep kitchen, and dry storage areas. 2. First Floor 1,730 sq ft space features nearly turnkey restaurant,and a lower-level walk-in, prep kitchen, and dry storage areas. 3. Second Floor 1,400 sq ft space features turnkey 2nd floor bar and a lower-level walk-in, prep kitchen, and dry storage areas. The property's layout is designed to optimize the customer experience and operational efficiency, making it an ideal choice for a thriving restaurant and bar business. Take advantage of this exceptional opportunity to establish your restaurant in this sought-after location!

Highlights

  • 2-story layout with separate dining and bar areas
  • Historic building provides both stunning curb appeal and interior vibe
  • Lower-level walk-in and prep kitchen
  • Prime downtown location
  • Turnkey restaurant and bar spaces
  • Walkability in vibrant downtown tourist scene

3 Spaces Available

1st Floor Restaurant

Space Type

Street Retail

Lease Rate

$30.85/SF/YR

Total Space

1,730 SF

Divisible Space

1,730 - 1,730 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

First Floor restaurant with LL storage space available for prep, coolers,

2nd Floor Bar

Space Type

Street Retail

Lease Rate

$30.00/SF/YR

Total Space

1,400 SF

Divisible Space

1,400 - 1,400 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Bar/Restaurant

Space Type

Street Retail

Lease Rate

$28.25/SF/YR

Total Space

3,130 SF

Divisible Space

3,130 - 3,130 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Contacts

Location

Located at 48 College St, Asheville, NC 28801, this property is part of the Downtown Asheville neighborhood and Asheville market.

Contact Listing Broker
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