1078 Tunnel Rd - Storefront Retail/Office FOR SALE


Asheville, NC 28805- East Asheville
$4,700,000 USD
828-548-0090
1078 Tunnel Rd, Asheville, NC for Sale
$4,700,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 4.75% Cap Rate

1078 Tunnel Rd
Asheville, NC 28805
East Asheville


HIGHLIGHTS

  • Strong in-place income
  • Short-term leases allow repositioning
  • Diverse tenant mix
  • High visibility location at signalized intersection

OVERVIEW

This popular 14,262 SF retail center is located on a primary commercial corridor with traffic counts of 25k+ VPD and retail demand. Neighboring businesses include VA Medical Center, Ingles Markets and many more. This center offers approximately $260,000 in current income with significant upside through lease rollover, rent increases, and conversion to a more institutional lease structure.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tunnel Road Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

HB

APN/PARCEL ID

9668-27-3260-00000

ASK ABOUT THIS PROPERTY

Scott Raines, CCIMDewey Property AdvisorsMore Info
828-548-0090

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Scott Raines, CCIMDewey Property AdvisorsMore Info
828-548-0090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.