5 Walnut Street, Asheville, NC 28801

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.

Listing Status:

Active

Data Last Updated:

November 13, 2026 at 7:15AM

Listing Office:

Dewey Property Advisors : 828-548-0090

MLS ID:

4437141

Location

• Road/Access: Paved
• Originating MLS: carolina
• County: Buncombe

Lot

• Zoning: CBD964940192700000
• Restrictions: N/A

Financial

• Source: carolina