5 Walnut Street
Asheville, NC, 28801
$3,600,000
- 1930year built
- 13days on market
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How we figured this
ZERO Closing Costs covers origination $1,300, appraisal $500, title & settlement $1,046, owner’s title insurance $5,478, credit, flood & data fees $160 and lower government recording fees & taxes $90, priced for Buncombe, NC with 20% down. Restrictions apply.
Hope Foster, REALTOR®
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Questions? Call (804) 648-4357
About this home
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.
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Location
Property details
Important details
- Status
- Active
- Date listed
- 10/22/2026
- Time on Market
- 13 days
- Property Type
- Business
- List Price
- $3,600,000
- Lot Size
- None listed
- Year Built
- 1930
- County
- Buncombe
- HOA
- No
Interior details
Building & lot
Building
- Stories
- 4
- Property Type
- Business
- Year Built
- 1930
Lot Info
- Parcel Number
- 964940192700000
Exterior Features
- Pool
- No
Parking
- Garage
- No
Ownership
Community details
School Districts
Utilities
Neighborhood
- HOA
- No
- Zoning
- CBD
Taxes & Assessment
- Tax Assessed Value
- $1,457,900
Listing information
Realty Agent
Listing Details
- Service
- Full Service
- MLS System
- CMLS
- MLS ID
- 4437141
- MLS Status
- Active
Listed by: Dewey Property Advisors
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Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time.