124 College Street, Asheville, NC 28801 - Photo 1

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$4,900,000

For Sale
Active
Commercial

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Property Description

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.

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Full Property Details

Full Property Details for 124 College St

General

Price: $4,900,000
Status: Active
Type: Commercial
Source: Charlotte_Regional_Realtor_Association
MLS ID: 4319033
Updated: 3/26/2026
Added to Site: 137 day(s) ago

Interior

Flooring: Wood

Location

County: Buncombe
City Limits: Yes

Utilities

Sewer: Public Sewer
Water: City
Utility Description: Cable Available

Structural Information

Construction: Site Built
Exterior Const.: Brick Full
Roof: Built-Up
Min Required: 24,000 Sq. Ft.
Minimum Avail: 24,000 Sq. Ft.
Year Built: 1912

Lot Features

Street/Road Desc.: Paved
Rcmdd Zoning: CBD

Financial Considerations

Terms: Cash, Conventional

Disclosures and Reports

Inclusions: Building, Land
Property ID: 9649-40-7763-00000
Plat: 0154/0159
Lot Number: 5626-21

Listed by The Real Estate Center

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Schools

Schools serving 124 College St

School District:Asheville City Schools

Name	Grades	Distance
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801	K-5	0.8 mi
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801	K-5	0.8 mi
Asheville High 419 McDowell Street, Asheville, NC 28803	9-12	1.6 mi
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801	6-8	0.9 mi
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803	9-12	1.6 mi
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806	K-5	2 mi
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804	K-5	2.3 mi
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806	K-5	3.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 124 College St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/04/2025

Listed

$4,900,000

19.51%

MLS

12/28/2017

Sold

$4,100,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 124 College St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$44,779

18%

$3,775,000

—

2023

$38,022

$3,775,000

—

2022

$37,644

—

$3,775,000

—

2021

$37,644

41%

$3,775,000

53%

2020

$26,668

—

$2,474,100

25%

2019

$26,668

25%

$1,981,000

—

2018

$21,353

-1%

$1,981,000

—

2017

$21,551

$1,981,000

21%

2015

$20,076

—

$1,633,500

-11%

2015

$20,076

$1,832,700

—

2014

$19,831

—

$1,832,700

—

2013

$19,831

—

$1,832,700

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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124 College Street, Asheville, NC 28801 (MLS# 4319033) is a Commercial property. 124 College Street is currently listed for $4,900,000 and was received on December 04, 2025. Want to learn more about 124 College Street? Do you have questions about finding other Commercial real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

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124 College St Asheville, NC 28801