Your search results

5 Walnut Street, Asheville, NC 28801 (MLS # 4437141)

Price	$3,600,000
Status	Active
Size	n/a
Lot Size	1,307 sqft

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.

Property Type(s): Commercial

Year Built	1930	County	Buncombe

Additional Details

LOT	1307 sq ft
LOT DIMENSIONS	0.03
MLS STATUS	Active
STORIES	4

Contact us about this Property

First Name
Last Name
Phone Number
Email Address
Schedule a Showing?	/
Comments


We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Lake Team to contact you even if your name is on a Federal or State "Do not call List".

Listed with Dewey Property Advisors

Date last updated: 10/23/26 12:14 AM PDT

The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Sellstate Select Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Properties reported may be listed or sold by various participants in the MLS
© 2026 Carolina Multiple Listing Services, Inc.

CMLS