Old Penneys Building Condos

Old Penneys Building Condos

Old Penneys Building Condos

The Old Penney's Building Condo, also known as the Smith-Carrier Building, was originally built in 1926 and converted to condominiums in 2002 with retail space on the ground floor.  The six floors include condos ranging from 720 square feet to 3900 square feet and offer various floor plans as well as a spectacular rooftop deck and nearby parking in Downtown Asheville.

Call/text 828-412-0678 to Schedule a Personal Tour of the Property today!

Old Penney's Building Condos Guide

This building was erected in 1926 and opened initially as the Denton Department Store in 1927.  It transitioned to the JC Penney's Store in the mid-thirties, according to records. Because of its location, history, retention of some of its grand old architectural details, and magnificent conversion to condominiums, it usually doesn't have any condominiums for sale as they are bought or rented quickly.  However, periodically they do come on the market. They are mostly moderately sized homes with a high resale value.

Building Exclusivity

These homes have high ceilings, some original architectural features giving them sought-after character, fabulous hardwood floors, and large windows.  Many condominiums have fireplaces, built-in custom shelving, and master-bedroom walk-in closets. There is a disabled-access entrance and a historic tax credit which is an added benefit.

Luxury Amenities

There is a spectacular community rooftop terrace to take in the colorful Western North Carolina sunrise or sunset peeking over the mountains as a backdrop against downtown's twinkling lights Asheville. The retail space is currently rented to The Local Barber & Tap, which was opened in 2015 and is the only walk-in men's barbershop in Asheville.  According to its reviews on Facebook, it has a classic design and is the perfect blend between getting a good haircut and shave and a beer. So the male residents of these condominiums don't have to go far for a trim and a pint.

Pet Friendly Living

These homes are pet-friendly with an additional monthly fee. Pet stores and parks to walk your beloved animal are close-by.

Short-Term Rentals

Some allocated apartments are available for rent which may include a single parking pass, relatively low utilities, and the ability to step outside the front door entrance into the center of Asheville's township.


These residences in Downtown Asheville are very walkable, bike-friendly, and have excellent access to the Public transit system.


A catwalk is available from these condominiums to Rankin Parking Garage, which offers monthly rent spaces. The ART (Asheville Rides Transit) station is located at 49 Coxe Ave., which is less than a 7-minute walk from W. Walnut Street, where The Old Penney's Building Condominiums sit.

Culture and Arts

Since this historic building is located in a prestigious, well-sought-after location in Asheville's center, there is access to all of this small city's celebrated culture and arts scene, which brings people from places from all around the world to experience.

Info at a Glance


Square Feet


Total Units


List Price

Building Amenities

The historic midrise building features:

Central location

Secure coded entrance on the ground level

Rooftop deck with 360-degree views

Care-free maintenance

Updated wired elevator

Storage unit

Pet friendly

Schedule a Personal Tour of This Building and Available Properties Today!

Standard Appointments in Units


Some units in the building have been substantially upgraded.

Wood floors throughout

Large double-hung windows

Penthouse Units

High ceilings

HOA fees are approximately 201.00 a month

Vintage architectural touches

Amazing Downtown Views

Guide to Asheville Condos in Easy-To-Read PDF Format

Get the full 40-page Guide To Asheville Condos in an easy-to-read format. Save to your desktop or read on your mobile device!

Points of Interest

Get local insights about dining, arts, and music convenient to Old Penney's Building Condos.

Early Girl Eatery

Early Girl Eatery is a popular locally-owned restaurant known for its brunch options with locations in Downtown Asheville, West Asheville, and North Asheville. Food is local and there are great vegan and vegetarian options.

Tip: If you like spicy foods ask for the habanero sauce on the side. Gets crowded on weekends.

What to order: The pork breakfast bowl or fried chicken and biscuits are staples.

8 Wall Street Asheville, NC 28801. https://earlygirleatery.com/


Pie.Zaa is a relatively new pizza joint on the South Slope, just a short walk from downtown Asheville. Pie.Zaa is serving up big (28 inches to be exact), quality pies. Think “crispy, airy, slightly chewy” - the perfectly oversized New York slice. The best in Asheville.

Tip: These pies are big. If you order, be prepared to share, or have leftovers.

What to order: You can’t go wrong with the classic “roni” pie. It’s a crowd-pleaser.

46 Millard Ave, Asheville, NC 28801. https://piezaapizzaasheville.com/

Mela Indian Restaurant

Mela Indian Restaurant in Downtown Asheville, just a short walk from the Arras. Vegan and gluten free options are available.

Tip: Be sure to add naan to your order - Mela’s bread dough is hand made and prepared in a tandoor oven.

What to order: Try out the butter chicken with some garlic naan.

70 N Lexington Ave, Asheville, NC 28801. melaasheville.com

Woolworth Walk

Woolworth Walk is one of the newest art galleries in Downtown Asheville. Located right off of Haywood Street, Woolworth Walk features dozens of artist booths prominently displaying a variety of works from local makers and creators.

If you’re looking for whimsical art or want a spot where you can grab a quick lunch, Woolworth Walk is worth a stop in Downtown Asheville.

25 Haywood Street, Asheville, NC 28801. https://www.woolworthwalk.com/

Wall Street

This item on the list is a street, not a specific building conveniently located near Arras.

Wall Street is an European feeling, eclectic street with dozens of indoor and outdoor shops featuring a variety of local merchants, makers, artists, and musicians.

Wall Street is home to Early Girl Eatery, The Market Place, the iconic Flat Iron Building, and street art around every turn.

Blue Spiral

Blue Spiral is a sprawling 15,000 square foot gallery space in Asheville featuring some of the area’s most established exceptional makers as well as emerging talent. The gallery includes three floors of space devoted to prominently displaying a variety of works, spanning a broad range of mediums and styles, including photography, sculptures, and paintings.

38 Biltmore Ave, Asheville, NC 28801-3625.

In the Press

Great insights about the building, development, and history. 

According to North Carolina's Architects and Builders Dictionary, Smith and Carrier (another reported name of Old Penney's Building) were an Asheville Architectural Company first established in 1906.  Their designs shaped much of the Mountain city of Asheville during the 20th century. They labored on over 700 buildings locally.  Since the Old Penney Building's other name was dubbed the Smith-Carrier Building, it is presumed that this firm took part in its original design as it was designed in 1926 and completed in 1927.

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Dylan Lennon

Broker Associate
Keller Williams Professionals

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I'm Dylan Lennon, an Asheville local, the founder of this Asheville Real Estate website, and a Realtor in Asheville. Thank you for taking the time to read this blog post. I appreciate your time spent on this site and am always open to suggestions and ideas from our readers. You can connect with me on Facebook, Instagram, or contact me through this website. I'd love to hear from you.