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$4,500,000
7 ba
173 Chestnut Street
Asheville, NC 28801
Active
Property Type
Commercial Sale
Year Built
1889
Lot Size
—
Garage
—
About This Home
Exceptional opportunity just a few blocks outside of the heart of downtown Asheville on highly sought-after East Chestnut Street. This 4,500± square foot property, originally built in 1889, is currently operating as a bed and breakfast and offers both immediate income potential and outstanding long-term versatility.
Zoned Office (B&B use is grandfathered), the building provides flexible interior space ideal for continued hospitality use, boutique inn, professional office conversion, gallery, or creative workspace. In close proximity to top-tier restaurants, retail, hotels, and entertainment venues, this prime location delivers exceptional walkability, visibility, and year-round demand.
Perfect for an owner-operator, investor, or future repositioning, this rare downtown asset combines historic character with modern income potential. Easy access to parking, public transit, and major thoroughfares further enhances value. A truly unique opportunity to own a revenue-generating property in one of Asheville’s most desirable downtown corridors.
Zoned Office (B&B use is grandfathered), the building provides flexible interior space ideal for continued hospitality use, boutique inn, professional office conversion, gallery, or creative workspace. In close proximity to top-tier restaurants, retail, hotels, and entertainment venues, this prime location delivers exceptional walkability, visibility, and year-round demand.
Perfect for an owner-operator, investor, or future repositioning, this rare downtown asset combines historic character with modern income potential. Easy access to parking, public transit, and major thoroughfares further enhances value. A truly unique opportunity to own a revenue-generating property in one of Asheville’s most desirable downtown corridors.
Property Details
Interior
- Bathrooms
- 7
Exterior & Lot
- Year Built
- 1889
Location
- County
- Buncombe
- ZIP Code
- 28801
Financial
- Listing Terms
- Cash, Conventional
Utilities
- Utilities
- Electricity Connected
- Sewer
- Public Sewer
Schools
Location
Listing Information
- MLS #
- CAR4303292
- Listing Agent
- Jay Lurie
- Listing Office
- The Real Estate Center
- Listed Date
- Mar 15, 2026
Contact Brian Deacon About This Property
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