5 Walnut Wine Bar + 4 Residential Units (STR)

For Sale

5 Walnut Street, Asheville, NC 28801

This Asheville property for sale is located at 5 Walnut Street. The current listed sale price for 5 Walnut Wine Bar + 4 Residential Units (STR) is $3,600,000. 5 Walnut Wine Bar + 4 Residential Units (STR) is situated on a lot that is 0.03 acre in size.

Contacts

Jay Lurie

Dewey Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 4,408 SF
  • Units 4
  • Lot Size 0.03 Acre
  • Year Built 1930
  • Date Updated Sep 28, 2026
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.5 W 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.
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Highlights

  • An iconic commercial space with strong identity and long-standing recognition in the Asheville market
  • Four premium residential units with established short-term rental potential
  • 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
  • Turnkey, income-producing mixed-use investment

Attachments

Getting around

  • 93/100

    Walk Score ®

  • 53/100

    Transit Score ®

  • 72/100

    Bike Score ®

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Location

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

Points of Interest

  • Greenlots

    0.26 miles

  • Shell

    0.29 miles

  • Citgo

    0.63 miles

  • Enmark

    0.66 miles

  • Gas Express

    1.03 miles

  • Exxon

    1.35 miles

  • Sam's Club

    1.65 miles

  • Tesla Supercharger

    5.38 miles

  • EVgo

    7.79 miles

  • Tesla Destination Charger

    7.80 miles

  • Rankin Avenue Garage

    0.09 miles

  • Civic Center Garage

    0.10 miles

  • Sears Alley Public Parking Deck

    0.25 miles

  • Wall Street Garage

    0.25 miles

  • Biltmore Avenue Parking Garage

    0.29 miles

  • Ironwood Parking Garage

    0.58 miles

  • Tempie Avery Montford Community Center Parking

    0.74 miles

  • Parking Garage

    1.56 miles

  • Simpson Parking

    1.87 miles

  • The Windsor Boutique Hotel

    0.04 miles

  • AC Hotel by Marriott Asheville Downtown

    0.08 miles

  • Haywood Park Hotel and Atrium

    0.15 miles

  • Renaissance Asheville Hotel

    0.16 miles

  • The Restoration Asheville

    0.19 miles

  • Four Points by Sheraton Asheville Downtown

    0.19 miles

  • Cambria Hotel Downtown Asheville

    0.20 miles

  • The Foundry Hotel Asheville, Curio Collection by Hilton

    0.26 miles

  • Aloft Asheville Downtown

    0.27 miles

  • TownePlace Suites Asheville Downtown

    0.28 miles

  • Mast General Store

    0.18 miles

  • French Broad Food Co-op

    0.36 miles

  • Whole Foods Market

    0.39 miles

  • Trader Joe's

    0.45 miles

  • Harris Teeter

    0.50 miles

  • Ingles

    0.98 miles

  • Innsbruck Mall

    1.02 miles

  • Big Lots

    1.03 miles

  • Earth Fare

    1.31 miles

  • Kim's Oriental Food & Gifts

    1.71 miles

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