REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,600,000
Est. payment /mo
New
5 Walnut ST Asheville, NC 28801
1,306 Sqft Lot
UPDATED:
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
GET MORE INFORMATION
One Page Avenue Suite 109, Asheville, NC 28801, USA