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For Lease

48 College

48 College St., Asheville, NC 28801

3,130

SF Available
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.This iconic Asheville location offers a turnkey restaurant and bar space For Lease. This is a prime spot in the heart of downtown walking traffic, this 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. 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!

Key features

  • 2-story layout with separate dining and bar areas
  • Historic building provides both stunning curb appeal and walkability
  • Lower-level walk-in and prep kitchen
  • Prime downtown location
  • Turnkey restaurant and bar space

Rental Details

  • Number of spaces 1
  • Total square feet available 3,130 SF
  • For Lease $35.00/SF/YR
  • Space Types Street Retail
  • Lease Type NNN
  • Date Updated May 13, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

For Lease 1 Space Available

Bar/Restaurant

  • Space Type Street Retail
  • Lease Rate $35.00/SF/YR
  • Total Space Available 3,130 SF
  • Divisible Space 3,130 - 3,130 SF
  • Available Date Immediate
  • Lease Type NNN
  • Renewal Option Yes
  • Sublease No
  • Turnkey Yes
broker
Austin Walker

Whitney Commercial Real Estate

Contacts

broker
Austin Walker

Whitney Commercial Real Estate

Building Details

  • For Lease $35.00/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 May 13, 2026

Getting Around

  • Walk Score ®

    Walker's Paradise (94)
  • Transit Score ®

    Good Transit (54)
  • Bike Score ®

    Very Bikeable (71)
Powered by Walk Score ®

Location

  • City Asheville, NC
  • Neighborhood Downtown Asheville
  • Zip Code 28801
  • Market Asheville

Points of Interest

Shell

0.37 miles

Citgo

0.54 miles

Enmark

0.75 miles

Gas Express

1.07 miles

Exxon

1.25 miles

Sam's Club

1.58 miles

Tesla Supercharger

5.28 miles

EVgo

7.70 miles

Tesla Destination Charger

7.71 miles

Civic Center Garage

0.11 miles

Sears Alley Public Parking Deck

0.15 miles

Wall Street Garage

0.18 miles

Biltmore Avenue Parking Garage

0.22 miles

Ironwood Parking Garage

0.48 miles

Tempie Avery Montford Community Center Parking

0.73 miles

Parking Garage

1.61 miles

Simpson Parking

1.77 miles

French Broad Food Co-op

0.29 miles

Whole Foods Market

0.46 miles

Trader Joe's

0.54 miles

Harris Teeter

0.58 miles

Ingles

1.02 miles

Innsbruck Mall

1.05 miles

Big Lots

1.06 miles

Earth Fare

1.25 miles

Kim's Oriental Food & Gifts

1.65 miles

48 College St. Listing Summary

  • The Price for Retail Space at 48 College St.

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 48 College St., asking rent starts at $$35.00/SF/YR per square foot.

    48 College St. is located in the Downtown Asheville neighborhood, which is home to a total of 13 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

    Recent renovations also contribute to the attractiveness of a retail property, which, in turn, influences rent. 48 College St. was last renovated in 2016.

  • Retail Space Options Available at 48 College St.

    The property exclusively contains Street Retail space totaling 3,130 square feet. The leasing opportunity here is available under NNN lease terms.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 1 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 48 College St., which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Downtown Asheville Neighborhood

    48 College St. is located in the Downtown Asheville neighborhood of Asheville. The Downtown Asheville retail market offers 13 retail listing(s), representing a total of 28,046 square feet of retail space for lease.

    The most common retail type in the Downtown Asheville neighborhood is Street Retail, of which the market currently offers 4 space(s). You can also find 3 Regional Mall space(s). Additionally, leasing opportunities here include 2 Restaurant space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Downtown Asheville resident is 43 years old, and the median household income here is $58,438 per year.

Contact Listing Broker
broker
Austin Walker

Whitney Commercial Real Estate

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