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$492,566
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Property Description
Turnkey restaurant space available for lease in the heart of downtown Asheville's Central Business District at 40 Wall St. This 3,684 SF former home of a well known local eatery offers 40 feet of frontage on Wall Street and a spacious, shaded front patio perfect for outdoor dining. Surrounded by popular destinations like historic Grove Arcade, Woolworths, MarketPlace and several boutique hotels including The Cambria Hotel, AC Hotel by Marriott, and Hotel Arras, the location enjoys steady foot traffic from both locals and tourists. Inside, the space features a 585 SF kitchen with a hood, two restrooms, storage space and office, all ready for immediate use. Just minutes from I-240, I-40, and I-26, this highly accessible property presents a rare opportunity to establish your restaurant in Asheville's vibrant and walkable commercial core. Offered at $26/SF TICAM.
Full Property Details
Full Property Details for 40 Wall St
General
- Sold For: $492,566
- Status: Closed
- Type: Commercial Lease
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4274528
- Added to Site: 198 day(s) ago
Rental Information
- Date Available: 6/24/2025
Rooms
Bathrooms
- Total Bathrooms: 2
Parking
- Parking Features: On Street, Other - See Remarks
Location
- County: Buncombe
- City Limits: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Electricity Connected, Natural Gas
Structural Information
- # Buildings: 1
- Construction: Site Built
- Square Feet: 3,684
- Min Required: 26 Sq. Ft.
- Office: 75 Sq. Ft.
- Minimum Avail: 3,684 Sq. Ft.
- Year Built: 1935
Lot Features
- Street/Road Desc.: Paved
- Elevation (Approx.): 2000
- Rcmdd Zoning: CBD
Financial Considerations
- Tenant Pays: All Utilities
Disclosures and Reports
- Restrictions: Other - See Remarks
- Inclusions: Building
- Property ID: 9649-30-1230-00000
- Lot Number: 2085-64
Listed by Likewise Commercial Real Estate
Sold by Canopy Administration
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Schools
Schools serving 40 Wall St
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 0.9 mi |
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 0.9 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.5 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 0.6 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.5 mi |
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 1.7 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 2.4 mi |
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Wall St
Date
Details
Price
Change
Source
12/09/2025
Sold
$492,566
1894384.62%
MLS
10/13/2025
Price Reduced
$26
-7.14%
MLS
7/02/2025
Listed
$28
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
40 Wall Street, Asheville, NC 28801 (MLS# 4274528) is a Commercial Lease property that was sold at $492,566 on December 09, 2025. Want to learn more about 40 Wall Street? Do you have questions about finding other Commercial Lease real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

